Thomson Reuters Foundation

Inform - Connect - Empower

World oil production grows as OPEC, U.S. pump more-U.S. EIA

Source: Thomson Reuters Foundation - Thu, 25 Oct 2012 21:10 GMT
Author: Reuters
Tweet Recommend Google + LinkedIn Email Print
Leave us a comment

WASHINGTON, Oct 25 (Reuters) - The world produced more oil in October as Libya, Iraq and Saudi Arabia pumped more crude and the United States continued to draw more oil from its vast shale reserves, the U.S. Energy Information Administration said in a bimonthly report.

The report is required by the Iran sanctions law President Barack Obama signed last year. Reuters obtained a copy ahead of publication.

The United States and European Union have applied new sanctions to Iran aimed at slashing oil revenue and pressuring it to stop efforts to enrich uranium to levels that could be used in weapons. Tehran has said its nuclear program is strictly for civilian purposes.

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of the Thomson Reuters Foundation. For more information see our Acceptable Use Policy.

comments powered by Disqus
Most Popular

Latest slideshow

See allSee all
Featured jobs