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Survey: OPEC production decline in July due to disturbances Libya and Iraq(post for player)

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Bondlady

Bondlady
ADMINISTRATOR
ADMINISTRATOR

Survey: OPEC production decline in July due to disturbances Libya and Iraq
31-07-2013 07:00 PM


Baghdad (news) .. a Reuters survey showed on Wednesday that OPEC's production of oil has fallen to its lowest level in four months in July as a result find supplies because of the unrest in Pippa and Iraq is approaching the production organization of more than official production ceiling. survey showed that based on the data navigation and sources in oil companies and OPEC and advisers: that OPEC supply stood at 30.25 million barrels a day, down from 30.38 million barrels in June. survey shows: that the internal conflicts that undermine supplies from African producers in OPEC and inhibit plans Iraq's second-largest producer of the Organization to increase its exports, raising the price of oil. Instead production fell Iraq and Libya in July, the impact of higher production of Saudi Arabia, which says oil industry sources she repeated more raw and boosted supplies to power stations, local in order to meet demand for electricity. and production of OPEC in July, the lowest since March in March 2013 when pumped Organization 30.18 bpd, according for more than a Reuters survey This means that الإمدادت exceed production ceiling Bmitin and fifty thousand barrels per day. was the biggest drop in production from Libya, where trimmed protests in the fields and terminals oil supplies to 1.15 million barrels a day, according to sources involved in the survey. decreased Iraq's exports to 2.25 million barrels per day, according to data as navigational gunmen targeted the pipeline in the north of the country, while supplies in the south affected by technical problems. Iraq faces the fastest-growing source in 2012, the risk of lower production this year. estimated Iranian crude exports about one million barrels per day in July. As a result, U.S. and European sanctions on Iran exports fell to less than half since early 2012. / End / t. St. /


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jeepguy

jeepguy
MEMBER
MEMBER

nice one ! makes Iraqi oil very important , would bring it in at a very good 2 nd place in the production I would guess ,, which means jobs , international business or more , just get the value of money correct for the movement

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