OPEC
OPEC Production Down For March, But Demand Expected To Rise
OPEC crude oil production averaged 30.392mn b/d in March, according to MEES estimates. This was 14,000 b/d lower than in February and 1.154mn b/d down on March 2012. The month-on-month decline can largely be attributed to weaker demand in Asia, where refiners have been undertaking seasonal maintenance. The year-on-year slide reflects continuing global economic gloom and competition from other sources, including North...
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