London: The Organisation of Petroleum Exporting Countries (Opec) is meeting only half its promised cuts in oil supply this month thanks to a big jump in exports from Nigeria and despite a smaller decline in production in Angola, a Reuters survey showed yesterday. Supply from the 11 members of Opec with output targets, all except Iraq, has averaged 26.95 million barrels per day (bpd) this month, up from 26.75 million bpd in June, according to the survey of oil firms, Opec officials and...
Full Story: Gulf News
