Latest OPEC oil production figures

摘要

OPEC oil production climbed for the third consecutive month in May 2014 to total 29.97mn b/d, according to the latest Platts survey of OPEC and oil industry officials and analysts, up 250,000 b/d from the April level of 29.72mn b/d. 'The call on OPEC crude, according to the International Energy Agency, is 30.7mn b/d for the third and fourth quarters of 2014,' said John Kingston, Platts Global Director of News. 'That means OPEC needs to add about 1mn b/d of output from what we estimate the group produced in May. This is a tall task, given how many countries in OPEC are under all sorts of politically-linked limitations on increasing output. The Saudis may be called upon to open their taps wider than they normally prefer.'