Surge in Iraqi oil exports drives up OPEC production

摘要

Crude oil production from OPEC climbed by 240,000 b/d to reach 30.11mn b/d in February 2014, up from 29.87mn b/d in January, following a surge in Iraqi exports and despite new setbacks in Libya, according to the latest (7 March) Platts survey of OPEC and oil industry officials and analysts. These are the sorts of output numbers that not long ago, when combined with the rising production from North America, looked like they might weigh on the market and cause a fall in prices,' said John Kingston, Platts Global Director of News.