No impact on Iran output seen yet from sanctions Nigeria beset by key pipeline outages Saudi Arabia tops 10 mil b/d for first time since Oct Angola crude production hits 19-month low Venezuela posts 580,000 b/d year-on-year drop As OPEC prepares to meet in Vienna to decide whether to loosen the taps, its crude production in May slid for the fourth straight month to 31.90 million b/d, the lowest in over a year, according to the latest S&P Global Platts survey of industry officials, analysts and shipping data. Related tables: OPEC crude oil output and production vs. cut allocations The 14-country bloc produced 32.00 million b/d in April, a 140,000 b/d drop from March, according to the survey. The April figure is about 730,000 b/d below OPEC’s notional ceiling of about 32.73 million b/d, when every country’s quota under its production cut agreement is added up. Outages due to […]