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OPEC output reaches its highest since 2008 as extra crude from Iraq, Saudi Arabia and Libya more...

  • Monday, April 30, 2012, 9:39 AM ET
    OPEC output reaches its highest since 2008 as extra crude from Iraq, Saudi Arabia and Libya more than compensated for the lowest Iranian supply in two decades, a Reuters survey says. OPEC supply averaged 31.75M bpd in April, up from 31.32M in March; the biggest increase came from Iraq, where production topped 3M bpd, nearly equaling Iran's output.
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This news story has 4 comments:

  •  
    dislocation of price to supply/demand.
    30 Apr 2012, 01:24 PM Reply Like
  •  
    Cgina must be bussy stocking this flow
    30 Apr 2012, 01:28 PM Reply Like
  •  
    Maybe the only reason oil is not at least $10-20/barrel more already.
    30 Apr 2012, 01:47 PM Reply Like
  •  
    As needed by demand but I wonder if this is enough.
    30 Apr 2012, 05:09 PM Reply Like
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