02.07.2013 - EIA pegs OPEC's June output at 30.1 mln b/d, down 300,000 b/d
Crude output from the OPEC oil cartel fell to 30.1 million b/d in June from 30.4 million b/d in May, a drop of 300,000 b/d, the US Energy Information Administration estimates. Average output of about 30.3 million b/d over the two months was some 800,000 b/d below the May-June 2012 average of 31.1 million b/d, the agency said. Volumes from OPEC kingpin Saudi Arabia were steady in June at 9.4 million b/d. Iranian output was also unchanged at 2.8 million b/d. Iraq, now OPEC's second biggest producer after Saudi Arabia, boosted output to 3.2 million b/d in June from 3.1 million b/d in May......................................Full Article: Source
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