OPEC
OPEC Output Edges Up In May
OPEC members brushed off fears of the much-talked-about weakness in global oil demand by upping output to 30.94mn b/d in May, according to MEES estimates.
Initial MEES projections, if anything, look conservative, with latest shipping data indicating a surge in OPEC exports at a time of higher seasonal demand in the region, pointing to still higher well-head output. Middle East sailings were up 500,000 b/d in the four-week...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!