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OPEC output up, thanks to Iraq
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Contributor | kal |
Last Edited | RP Jul 12, 2006 06:02pm |
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Category | News |
News Date | Tuesday, July 11, 2006 04:00:00 PM UTC0:0 |
Description | The world oil cartel boosted its output last month by 200,000 barrels per day to 29.95 million barrels per day, thanks largely to Iraq.
The Platts report, released Tuesday, found that production from Iraq's northern fields, linked by pipeline with a Turkish port, increased 160,000 barrels per day, or 80 percent of the Organization of Petroleum Exporting Nations' June increase.
Strikingly, three OPEC members saw big drops in their daily output during June.
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