OPEC Oil Production Hits New All Time High As Brent Surges To 16 Month High
The greatest trick OPEC ever pulled was convincing the world to buy oil even as production kept rising to new all time highs. Case in point, just out from Reuters:
- OPEC NOVEMBER OIL OUTPUT RISES 370,000 BPD MONTH/MONTH TO 34.19 MILLION BPD, HIGHEST IN RECENT HISTORY - REUTERS SURVEY
- SAUDI SUPPLY EDGES DOWN ON REFINERY MAINTENANCE AND REDUCED DIRECT CRUDE BURNING - REUTERS SURVEY
- OPEC OUTPUT RISE LED BY ANGOLA; NIGERIA, LIBYA AND IRAQ ALSO PUMP MORE
Quelle: zerohedge.com
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