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Commodities Briefing - Categorized | Oil, Trading more

OPEC oil output hits near lowest of 2 years

Posted on 02 October 2013

OPEC oil output has fallen in September to the lowest in almost two years because of work at Iraq’s main export outlet, according to a Reuters survey, although record Saudi Arabian output prevented a larger decline.
Supply from the Organization of the Petroleum Exporting Countries has averaged 30.07 million barrels per day (bpd), down from 30.32 million bpd in August, the survey of shipping data and sources at oil companies, OPEC and consultants found………………………………………..Full Article: Source


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