Opec output hits three-year highs

25 January 2012

GLOBAL oil supply increased by 100,000 barrels a day (b/d) in December, with rising output from Libya and Saudi Arabia offsetting declines in non-Opec countries, according to the International Energy Agency (IEA).

Opec crude production climbed by 240,000 b/d, to 30.89 million b/d, its highest level in...

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Opec output hits three-year highs

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