Oil production by member countries of OPEC in may decreased due to militant attacks on oil companies in Nigeria. About it reports Reuters, citing its own research.
According to him, overall production was down to 32.52 million barrels per day of 32.64 million barrels a day in April. While in Nigeria it fell to its lowest level in the last 20 years.
The last attack began after promising Nigerian President Mohammad Bukhari to root out corruption and theft of oil. Attacks similar to those staged so-called
The production volume of the cartel was also impacted by production cuts in Libya, which turned out to be a blocked port Hariga. In addition, the production decline noted in Venezuela (because of problems with shipping) and in Iraq.
At the same time, supplies from Saudi Arabia and Iran increase because these leading oil producers fighting for their market share. Iran has managed to increase production to 3.5 million barrels per day — the level of 2011, when sanctions against the country has not yet tightened. Mining Saudi Arabia has reached in may of 10.25 million barrels per day compared to 10.15 million barrels in April.
Meanwhile on the London exchange ICE the August futures for Brent crude fell by almost a cent to 49,43 dollars per barrel.
avemue the Movement for the emancipation of the Niger Delta. From 2006 to 2009, this group has caused a loss of Nigeria’s oil industry millions of dollars.