OPEC Oil Output Rises in March


OPEC oil output has risen in March to its highest level since October 2008 as higher supply from Iraq and further recovery in Libya's production offset a drop in shipments from Iran, a Reuters survey found on Friday.

Supply from all 12 members of the Organization of the Petroleum Exporting Countries has averaged 31.26 million barrels per day (bpd), up from 31.16 million bpd in February, the survey of sources at oil companies, OPEC officials and analysts found.