OPEC Oil Output Rises in March as Iran, Iraq Growth Offsets Outages

OPEC oil output is rising in March, a Reuters survey found, as higher supply from Iran after the lifting of sanctions and near-record exports from southern Iraq offset maintenance and outages in smaller producers.

The survey also found no major change in production in top exporter Saudi Arabia - another sign that Riyadh is serious about freezing output to support prices, which hit a 12-year low near $27 a barrel in January but have since recovered to $40. Producers are meeting on April 17 in Qatar to discuss the plan.

http://www.oilandgaspeople.com/news/7980/opec-oil-output-rises-in-march-as-iran-iraq-growth-offsets-outages/