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OPEC set a record for oil production

In April, the country participants produced 33,217 million barrels.

04.May.16 6:35 AM
By Andrey Shulga


OPEC set a record for oil production
The organization of the petroleum exporting countries (OPEC) in April 2016 produced record amounts of oil. Every day in April, members of the organization were procured for 484 000 barrels more than in the same period last month. In April they produced 33,217 million barrels. This information is published by the information Agency Bloomberg.

OPEC countries increased oil production during negotiations with other States to freeze its level of pumping at the level of January of this year. In the past month, the price of "black gold" rose by 20%. This is the largest price increase in 2016. 

An increase in the level of oil production occurs at the expense of Iran, which were recently removed Western sanctions. At the moment this state has produced 3.5 million barrels. The oil is pumped from storage.

Also the extraction of "black gold" has increased, States such as Iraq and the United Arab Emirates. They are not far behind, and Saudi Arabia, which increased production to 80,000 barrels per day. Now this country produces on a daily basis of 10.15 million barrels of oil.

Recall that last April 18 in Doha negotiations for the freezing of oil production remained without result.

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