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Platts reports higher OPEC oil output in January

Posted on 11 February 2014

Oil production from the Organization of the Petroleum Exporting Countries edged higher in January by 150,000 barrels per day to 29.87 million barrels per day, according to a Platts survey of OPEC and oil industry officials and analysts released Monday.
“The Libyan situation has a long way to go to play out but this is clearly good news,” said John Kingston, Platts global director of news, in a statement. Libyan production rose to 530,000 barrels a day in January from 250,000 barrels a day the month before. Production at Sharara field, which has capacity of 340,000 barrels a day, restarted at the beginning of January, Platts said………………………………………..Full Article: Source


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