21.07.2014 - OPEC Says Oil Production, Market Share Fell in 2013
OPEC said Friday its crude production and market share fell last year as a boom in U.S. shale dents demand for its oil. In an annual statistical report, the Organization of the Petroleum Exporting Countries said its collective crude production was down 2.5% during 2013 on an annual basis. OPEC's share of total global production in 2013 averaged 43.4%, down from the 44.6% in 2012, it said. Global oil production and demand rose last year but was largely captured by OPEC's rivals, notably a rise in nonconventional U.S. production...............................................Full Article: Source
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