Oil production from Organization of the Petroleum Exporting Countries (OPEC) totalled 31.11mn bpd in May 2015, up 180,000 bpd from April and is the group’s highest monthly volume since October 2012, according to latest Platts survey
Exploration & Production
OPEC expects pick up in global oil demand
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
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
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