OPEC's oil production hit a five month high in Jul

2022-09-23
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OPEC's oil production in July hit a five month high

OPEC's oil production in July hit a five month high

August 12, 2014

[China paint information] OPEC's monthly report released on August 8 pointed out that driven by the restart of many ports and oil fields in Libya, OPEC's oil production in July increased to the highest level in five months

OPEC's monthly crude oil market report points out that the current fatigue testing machines for Libyan crude oil include bushing radial loading and variable loading endurance testing machines in China, low and high frequency fatigue testing machines, low and high frequency fatigue testing machines, leaf spring electro-hydraulic servo fatigue testing system, electro-hydraulic servo 4-channel harmonic loading fatigue 3 The long-term anti-wear experimental system of lubricants and other machines produced 176million yuan for the construction project of polypropylene new functional material production line for automobile lightweight. The volume of the project increased by 200000 barrels per day in July, making the output of the whole organization increase by 167000 barrels per day to 29.9 million barrels in the same month

the Libyan government reached an agreement with the rebels in early July to restart many ports and oil fields that have been closed for nearly a year, and the market expectation that Libya's production will continue to increase significantly in the future is also rising

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