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OPEC oil output falls on Libya, Iraq turmoil-survey

Posted on 01 August 2013

OPEC crude output hit a four-month low in July as unrest and conflict in Libya and Iraq disrupted supplies, a Reuters survey found on Wednesday, a further unplanned cutback bringing supply closer to the organization’s target.
Supply from the Organization of the Petroleum Exporting Countries has averaged 30.25 million barrels per day (bpd), down from 30.38 million bpd in June, the survey of shipping data and sources at oil firms, OPEC and consultants found………………………………………..Full Article: Source


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