OPEC increases oil production

  13 May 2016    Read: 1016
OPEC increases oil production
Total OPEC oil production in April averaged 32.44 million barrels per day, an increase of 188,000 over the previous month, according to OPEC Oil Market Report, published on May 12.
Oil output increased mostly from Iran and Iraq, while production decreased in Kuwait and Nigeria.

The share of OPEC crude oil in total global production increased to 34 percent in April compared with the previous month.

Saudi Arabia`s oil production in April averaged 10.125 million barrels per day compared 10.133 million barrels per day in March, the report said.

Iraq`s oil production amounted last month to 4.354 million barrels per day.

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