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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC December crude output falls to 2-year low: Survey

Posted on 03 January 2014

OPEC crude production dropped to the lowest level in more than two years in December, led by a decline in Venezuelan output, a Bloomberg survey showed. Output by the 12-member Organization of Petroleum Exporting Countries decreased 33,000 barrels to an average 29.955 million barrels a day this month from 29.988 million in November, the survey of oil companies, producers and analysts showed.
The November total was revised lower by 19,000 because of changes to the Kuwaiti and Ecuadorean estimates………………………………………..Full Article: Source


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