Sat, Dec 20, 2014
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Trends more

EIA says OPEC oil production to continue to decline

Posted on 09 January 2014

OPEC crude oil production will continue to decline by 0.5 million barrels per day (mbd) in 2014, as some OPEC countries, led by Saudi Arabia, reduce production to accommodate the non-OPEC supply growth in 2014, the U.S. Energy Information Administration’s (EIA) Short-Term Energy Outlook said.
EIA predicts OPEC oil production at 29.49 mbd in 2014 compared to 29.96 mbd in 2013. In 2015 EIA expects OPEC oil production to slightly increase to 29.51 mbd………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38538 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28293031