OPEC-10 March Oil Output Rises
The Organization of Petroleum Exporting Countries raised its crude-oil output in March following two months of cuts, the U.S. Department of Energy said.
The 10 OPEC members subject to production quotas, not including Iraq and recent member Angola, produced 26.575 million barrels a day, up 90,000 barrels a day from February levels, according to a report by the Energy Information Administration.
In addition, the EIA revised upward its estimate of OPEC-10 February output. According to the new estimate, oil production fell 175,000 barrels a day.
The 10 OPEC members subject to production quotas, not including Iraq and recent member Angola, produced 26.575 million barrels a day, up 90,000 barrels a day from February levels, according to a report by the Energy Information Administration.
In addition, the EIA revised upward its estimate of OPEC-10 February output. According to the new estimate, oil production fell 175,000 barrels a day.
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