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OPEC 12 March output rises 307,000 b/d to 30.252 mil b/d: EIA






Platts
New York
Petroleumworld.com 04 11 07

The 10 members of OPEC bound by the group's production agreements pumped
26.575 million b/d in March, up 120,000 b/d from February, the US Energy
Information Administration said Wednesday.

Output from the OPEC 12, including Iraq and Angola, rose 307,000 b/d to
30.252 million b/d, EIA said in its Short Term Energy Outlook for April.

Production from OPEC kingpin Saudi Arabia was unchanged at 8.6 million
b/d, EIA said.

The agency, the statistical arm of the US Department of Energy, also
lowered its call on OPEC crude for the second quarter by 400,000 b/d to 30.4
million b/d, and lowered its full-year 2007 call by 200,000 b/d to 31 million
b/d.

The "call" on OPEC crude is the gap that exists between world crude
demand and supply from non-OPEC producers.

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Platts 10 04 07

Copyright© 2007 Platts. All Rights Reserved.

 

 

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