LONDON (Reuters) - OPEC output in April has hit its highest since 2008 as extra crude from Iraq, Saudi Arabia and Libya more than compensates for the lowest Iranian supply in two decades ahead of an EU embargo, a Reuters survey found on Monday.
Supply from the 12-member Organization of the Petroleum Exporting Countries averaged 31.75 million barrels per day (bpd), up from a revised 31.32 million bpd in March, the survey of sources at oil companies, OPEC officials and analysts found.
Despite reduced supplies from Iran, OPEC's total is the highest since September 2008, shortly before it agreed to a series of supply curbs to combat recession and collapsing demand, based on Reuters surveys.
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