OPEC Oil Output Rises Slightly in April After Months of Declines

The 10 members of the Organization of Petroleum
Exporting Countries (OPEC) bound by the group’s output agreements produced an
average 26.57 million barrels of crude oil per day in April, a Platts survey
showed May 10. This is up 30,000 barrels per day (b/d) from March’s 26.54
million b/d and 770,000 b/d above their 25.8 million b/d production target
established last month.

CNW