Platts Survey: OPEC Pumps 30.25 Million Barrels Per Day In March
Earlier Wednesday, OPEC's Vienna secretariat published its latest forecasts, including a forecast of average demand for OPEC crude this year of 29.75 million b/d. OPEC sees demand in the second quarter 2013 averaging 28.99 million b/d. This is 1.26 million b/d below actual production as estimated by the Platts survey.
OPEC agreed in December 2011 to set a crude output ceiling of 30 million b/d from January 1, 2012. It did not set individual country quotas. Ministers agreed at meetings on June 14 and December 12 to keep this ceiling in place. The next ministerial meeting is scheduled to take place on May 31, 2013 in Vienna.
Platts OPEC and oil experts are available for media interviews; please consult Platts Media Center to schedule an interview. For other oil, energy and related information, visit the Platts website at www.platts.com.About Platts : Founded in 1909, Platts is a leading global provider of energy, petrochemicals, metals and agriculture information and a premier source of benchmark prices for the physical and futures markets. Platts' news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Customers in more than 150 countries benefit from Platts' coverage of the biofuels, carbon emissions, coal, electricity, oil, natural gas, metals, nuclear power, petrochemical, shipping and sugar markets. A division of The McGraw-Hill Companies (NYSE: MHP), Platts is headquartered in New York with approximately 900 employees in more than 15 offices worldwide. Additional information is available at http://www.platts.com . About The McGraw-Hill Companies: The McGraw-Hill Companies, to be renamed McGraw Hill Financial (subject to shareholder approval), is a powerhouse in credit ratings, benchmarks and analytics for the global capital and commodity markets. Leading brands include: Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, Platts, CRISIL, J.D. Power and Associates, McGraw-Hill Construction and Aviation Week. The Company has approximately 17,000 employees in 27 countries. Additional information is available at www.mcgraw-hill.com. CONTACT: Kathleen Tanzy 212-904-2860 Kathleen_tanzy@platts.com SOURCE Platts
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts