Surplus OPEC Output

Surplus OPEC OutputSurplus OPEC Output

The oil exporters in OPEC are pumping almost two million barrels per day (bpd) more crude than required, the highest surplus for at least a decade, TradeArabia reported. OPEC members produced 30.27 million bpd in the first quarter of this year, and are expected to pump even more, around 30.36 million bpd, in the second quarter, the US Energy Information Administration projected.