OPEC production is at a 2015 high largely due to Saudi Arabia and Iraq
OPEC supply for the month of March 2015 reached 30.63 MMBOPD from a revised 30.07 MMBOPD in February, according to a survey based on shipping data and information from sources at oil companies, OPEC and consultants, reports Reuters. The March production numbers are the highest since October of last year, as Iraq rebounds from bad weather and Saudi Arabia pumps at close to record rates.

Iraq supplied the largest increase in March, a result of southern oil exports recoveri...

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