08.12.2010 - OPEC pumps 29.1 mln barrels of oil per day in November
From Dailymarkets.com: Crude oil production from the Organization of the Petroleum Exporting Countries averaged 29.1 million barrels per day (b/d) in November, a drop of 70,000 b/d from October levels, a just-released Platts survey of OPEC and oil industry officials and analysts showed. “These numbers are a shocker,” said John Kingston, Platts global director of news. “In the fourth quarter, the world traditionally draws inventories, and the rate of inventory decline is going to be accelerated by this unexpected decline from OPEC. This output decline is not coming as a result of any sign of a decline in demand, so it’s fair to say that Platts’ survey estimates this month is one of the most bullish we’ve reported in a long time.”.............................................Full Article: Source
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