OPEC Output Rises as Iran Pumps at Fastest Rate in 3 Years
U.A.E. raises output by 150,000 barrels a day, most in survey/ Saudi Arabia cuts oil production by most in 12-member group/ OPEC crude output increased this month as Iranian production climbed to the highest level in three years. Output by the Organization of Petroleum Exporting Countries rose 108,000 barrels to 32.316 million a day this month, according to a Bloomberg survey of oil companies, producers and analysts. Last month’s total was revised 101,000 barrels higher to 32.208 million a day, because of changes to the Iraqi estimate. ...
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