17 Jun 2016
(MENAFN) OPEC oil output has went up in November from the prior month led by a recover in Iraqi exports after bad weather had temporarily halted supply growth from the group’s second-largest producer.
Accordingly, the surge illustrates the Organization of the Petroleum Exporting Countries is once again pumping close to a record high as Saudi Arabia and other big producers focus on market share.
OPEC supply has risen in May to 31.77 million barrels per day (bpd) from 31.64 million in April, and it is worth mentioning that it enhanced production by about 1.50 million bpd since its May-2015 policy shift.
Moreover, the largest monthly growth in production has come from Iraq, the world’s fastest growing source of supply growth this year, as its exports from southern terminals, have risen in May to at least 3.06 million bpd.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
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BBK hosts executive leadership session on digital assets in collaboration with Rain
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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