OPEC’s June 2015 monthly report, issued on 10 June, notes that the OPEC Reference Basket averaged more than US$62 per barrel in May, representing a new high for the year and up from an average of US$44 per barrel in January
Exploration & Production
Iraq’s West Qurna-2 oilfield hits 402,000 bpd
Production from Iraq’s West Qurna-2 oilfield is at around 402,000 bpd, Lukoil Overseas has announced
Record production at DNO’s Kurdish Tawke field
DNO ASA have announced record daily production levels at their Tawke oil field in Iraqi Kurdistan
‘Libya capable of producing one million bpd’
The chairman of Libya’s National Oil Company (NOC) has said that the North african country is capable of of one million bpd output
OPEC supply highest in two years, says survey
Oil supply from the Organisation of Oil Producing Countries (OPEC) in May 2015 has risen to its highest level in more than two years, with record-level outputs from Saudi Arabia and Iraq and increased exports from Angola
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