OPEC increases oil production in March; U.S. shale dropping

OPEC increases oil production in March; U.S. shale dropping
Vienna (UPI) Apr 16, 2015 - The Organization of Petroleum Exporting Countries will continue increasing output of oil, despite an oversupply, projecting an increased demand 80,000 barrels per day higher for this year than anticipated. For the month of March, OPEC produced an average of about 30.79 million barrels per day - an increase of 810,000 thousand bpd. "Crude oil output increased mostly from Saudi Ar ... more

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