OPEC August crude output increases to one-year high in survey

VIENNA, Austria (Bloomberg) -- OPEC crude oil production increased to a one-year high in August, led by surging output in Nigeria, a Bloomberg survey showed. Production by the 12-member Organization of Petroleum Exporting Countries rose by 891,000 bpd to 31.033 million, according to the survey of oil companies, producers and analysts. Last month’s total was revised 80,000 bpd lower to 30.142 million because of changes to the Nigerian and Iranian estimates.


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OPEC August crude output increases to one-year high in survey OPEC August crude output increases to one-year high in survey Reviewed by Crude Oil Brokers on 16:49 Rating: 5

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