Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 12, 2013 13:45:28

OPEC increased oil production



ColosseumOPEC increased its oil production to three months maximum. Add more oil especially Saudi Arabia and Iraq. February's production rose to 30.31 million barrels per day, while the January production was 30.24 million barrels a day. OPEC also estimated that this year the U.S. stockpiles of crude oil will rise to the highest level in 30 years. The cartel is estimated that the average daily demand in 2013 will reach a level of 29.7 million barrels. WTI crude oil price today is growing by 0.6% to $ 92.6 per barrel. Brent oil price has stagnated at 110 USD per barrel.

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