OPEC Oil Production Down Slightly In May
Total OPEC oil production fell by 212,000 b/d in May to 26.69mn b/d from 26.902mn b/d in April, MEES estimates show (MEES, 19 May). OPEC-10 (OPEC without Iraq) production fell by 362,000 b/d to 26.39mn b/d in May from 26.752mn b/d in April. With the exception of Iraq, Nigeria and Venezuela, all members showed a slight decline in production in May. Venezuela and Nigeria continue to gradually increase production to the normal...