OPEC crude oil supply fell in August 2010 to the lowest since November 2009 as reduced supplies from Nigeria, the UAE and Iraq offset increased output in Angola, a Reuters survey showed. Supply from the 11 members of the OPEC with output targets, all except Iraq, averaged 26.83 million bpd last month, down from 26.95 million bpd in July, according to the survey of oil companies, OPEC officials and analysts.
The decline mainly reflects output disruption in Nigeria and Iraq rather than an OPEC...More
published:02/09/2010 05:43 GMT
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