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OPEC Oil Output in April Highest Since 2008

OPEC Oil Output in April Highest Since 2008

OPEC crude oil output in millions of barrels per day in April and March, according to a Reuters survey published on Monday. The survey indicates the Organization of the Petroleum Exporting Countries is pumping much more than the target of 30 million barrels daily it adopted at a December meeting in the group's first new output agreement in three years.

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May 1, 2012 9:53 by



The following table shows OPEC crude oil output in millions of barrels per day in April and

March, according to a Reuters survey published on Monday. The survey indicates the Organization of the Petroleum

Exporting Countries is pumping much more than the target of 30 million barrels daily it adopted at a December meeting in the group’s first new output agreement in three years.

OPEC did not set individual national quotas under the December agreement.

Production figures are in millions of barrels per day.

Totals are rounded.

April   March      New target

output  output     set on Dec. 14

Algeria       1.24    1.24 (R)

Angola        1.78    1.65

Ecuador       0.48    0.49

Iran          3.15    3.25 (R)

Kuwait        2.75    2.74

Libya         1.44    1.4

Nigeria       2.08    2.04

Qatar         0.8     0.81

Saudi Arabia 10.0    9.9

UAE           2.61    2.6

Venezuela     2.36    2.37

OPEC 11       28.69   28.49 (R)

Iraq          3.06    2.83

TOTAL OPEC    31.75   31.32 (R) 30

R = Revised

OPEC quotas exclude condensate and natural gas liquids and apply to supply rather than wellhead output, defined to exclude movements to, but not sales from, storage. Saudi and Kuwaiti data includes the Neutral Zone. Saudi data excludes oil produced for Bahrain. Venezuelan data includes upgraded synthetic oil. Nigerian output includes the Agbami stream and excludes Oso and Akpo condensates.

(Reporting by Alex Lawler; Editing by William Hardy)



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