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LONDON, April 18: Opec said on Friday that its 10 members with oil supply quotas pumped 1.56 million bpd over their agreed ceiling in March, when Iraqi exports stopped due to the US-led war on Baghdad.
The Organization of the Petroleum Exporting Countries said the 10 members, excluding Iraq, supplied 26.06m bpd on average over the month, basing its estimate on secondary sources, versus a formal ceiling of 24.5 million. March output from the 10 was 1.41m bpd higher than February, Opec said in its monthly oil market report.—Reuters
