| Opec’s oil output has risen in April from March’s three-month low, a survey found, although African outages and sabotage in Iraq are keeping supply far below the group’s target. Supply from the Organisation of the Petroleum Exporting Countries has averaged 29.68 million barrels per day (bpd), up from a revised 29.52 million bpd in March, according to the survey based on shipping data and information from sources at oil companies, Opec and consultants.
The impact on Opec output from unrest and unplanned cutbacks in Iraq and Libya is helping to prop up benchmark Brent crude , which is trading at more than $108 a barrel despite the US shale boom and other non-Opec supply growth...............................................Full Article: Source
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