OPEC output edges up in May

摘要

London—OPEC crude production rose by 70,000 b/d to 30.57 million b/d in May, a Platts survey of OPEC and oil industry officials and analysts showed Monday. Increases totaling 180,000 b/d from Angola, Kuwait, Libya, Saudi Arabia and the UAE were partly offset by 110,000 b/d in reductions from Algeria, Iran, Iraq and Nigeria. Saudi Arabia’s use of crude for direct burning in power stations rises during the summer months and the latest survey shows the kingdom increasing output for the second consecutive month, after a steady downtrend that took it from 10 million b/d last August to 9.2 million b/d early this year.