OPEC Oil Output Near 2 1/2-Year High as Saudis Show No Letup
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OPEC oil production was little changed in April near the highest level since November 2012 as Saudi Arabia pumped 10 million barrels a day.
Production by the Organization of Petroleum Exporting Countries slipped 1,000 barrels to 31.295 million a day, according to a Bloomberg survey of oil companies, producers and analysts. March’s total was revised 267,000 barrels higher to 31.296 million a day, mostly because of a change to the Saudi estimate.