OPEC increases oil production in March; U.S. shale dropping

April 16, 2015 2:02 PM

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OPEC increases oil production in March; U.S. shale dropping

Higher oil production output in Saudi Arabia and Iraq led to a surge in March.

For the month of March, OPEC produced an average of about 30.79 million barrels per day -- an increase of 810,000 thousand bpd.

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