OPEC Crude Oil Production Rises To 31.75 Million Barrels Per Day In May, Iranian Output Decreases: Survey

By International Business Times,  June 09, 2012, 04:03:32 AM EDT

Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) rose 40,000 barrels per day (b/d) to 31.75 million in May, a new survey has shown.

The survey, conducted by  Platts , a global provider of energy, petrochemicals and metals information, revealed that the May production marked a rise from April's output level of 31.71 million b/d. It was the highest level since October 2008 when OPEC volumes averaged 32.26 million b/d.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Neighbors Chase Burglars Out of Home
Neighbors Chase Burglars Out of Hom...
Rhino Birth Adds to Beleaguered World Numbers
Rhino Birth Adds to Beleaguered Wor...
MO Emergency Management Director On Tornado Response
MO Emergency Management Director On...
OK Reporter Gives Us The Latest From Scene Of Tornado
OK Reporter Gives Us The Latest Fro...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.465 0.05  0.33%
F $ 14.998 0.05  0.35%
SIRI $ 3.51 0.01  0.29%
MSFT $ 34.835 0.25  0.70%
CLWR $ 3.41 0.15  4.60%
CSCO $ 23.97 0.03  0.10%
YGE $ 3.66 0.56  18.06%
PFE $ 28.795 0.10  0.33%