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Global oil production gaining outside OPEC

Posted on 13 August 2013

The United States continues to make gains in terms of overall crude oil production, the International Energy Agency said. The International Energy Agency said U.S. oil production for May, the last full month for which data is available to the agency, was 297,928 barrels, a 13.2 percent increase from the same time last year.
Globally, the agency, which has headquarters in Paris, said oil supplies increased by 515,000 barrels in July, led in large part by countries outside the Organization of Petroleum Exporting Countries………………………………………..Full Article: Source


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