OPEC Pumps 29.75 Million Barrels Per Day in May According to Platts

MSN Money – OPEC crude production averaged 29.75 million barrels per day (b/d) in May, up 120,000 b/d from a revised figure of 29.63 million b/d in April, a Platts survey of OPEC and oil industry officials showed June 8.

Production from the ten members with quotas — Iraq does not have one — averaged 27.79 million b/d, 210,000 b/d below their 28 million b/d ceiling but 170,000 higher than the revised figure for April of 27.62 million b/d, the survey showed.
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