OPEC increased oil production on the background of low prices

Almaty. April 17. Silkroadnews - The Organization of Petroleum Exporting Countries (OPEC) continues to exceed its own statements of production quotas, which is 30 million barrels per day, reported Russian media.
"OPEC's oil production without taking into account data on Iraq in March amounted to 28.14 million barrels per day, which is 658 thousand barrels a day more than the previous month. OPEC's production in March rose by 1.21 million barrels - up to 31.488 million barrels per day. In the first quarter figure was 30.8 million barrels per day", - shows the April report.
Oil rose mainly in Iraq and Saudi Arabia.
Since the beginning of last summer, oil prices have fallen by half. OPEC's decision of 27 November to maintain oil production quota at 30 million barrels a day increased the price collapse.