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OPEC January crude output falls to two-year low in survey

Posted on 31 January 2014

OPEC crude production dropped to the lowest level in more than two years in January, led by a decline in Angolan output, a Bloomberg survey showed. Output by the 12-member Organization of Petroleum Exporting Countries decreased 151,000 barrels to an average 29.888 million barrels a day from 30.039 million in December, the survey of oil companies, producers and analysts showed.
It was the least since June 2011. The December total was revised 84,000 barrels a day higher because of changes to the Saudi Arabian, Kuwaiti and Iraqi estimates………………………………………..Full Article: Source


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