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OPEC Supply Lifted Global Oil Output
Published on Tuesday, 29 May 12:10 pm
Global oil supply rose by 600,000 b/d to 91mn b/d in April, according to IEA data, while demand is also set to increase by 800,000 b/d to 90mn b/d in 2012. OPEC production increased by 410,000 b/d ,driven by a rise in output from Africa and the Middle East. Iraqi supplies hit 3.03mn b/d, reports the Petroleum Economist.
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