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OPEC with lower results

OPEC with lower results

OPEC announced that in February extraction of oil fell to the lowest level since June 2014.

This happened mainly due to bad weather conditions, hindering the delivery in Iraq and weaker extraction in Libya and Nigeria.

In total, the producers mined 30.022 million barrels a day of oil in February 2015. That is about 138 thousand barrels per day less than in January.