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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.

May 1, 2012 9:53
 
Oil finds $100 floor on Saudi politics, output cost

Oil finds $100 floor on Saudi politics, output cost

Saudi set $75 a barrel "fair price" when economy weak while Bullish Goldman sees marginal output cost as $100 a barrel. Meanwhile, Former Saudi oil minister says oil prices could leap to $200-$300 a barrel if Saudi Arabia is hit by serious political unrest.

April 5, 2011 12:18