Why OPEC is Worried About the U.S. Congress
The
Organization of Petroleum Exporting Countries in its report for January
said the United States in 2013 may post the highest oil supply increase
among non-member states. U.S. oil production should increase by 490,000
barrels of oil per day this year to reach an average of 10.4 million
bpd. OPEC said much of the production increase should come from more
drilling in the Gulf of Mexico and the oil boom under way in North
Dakota. Production from member states Iran, Iraq and Saudi Arabia,
meanwhile, declined. Riyadh said recently it wasn't trying…Read more...http://oilprice.com/Energy/Crude-Oil/Why-OPEC-is-Worried-About-the-U.S.-Congress.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+oilpricecom+%28Oil+Price.com+Daily+News+Update%29
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