OPEC not concerned about US pickup in oil output

UPDATED 16:44 PM EST, December 13, 2012

OPEC Secretary General Abdullah Al-Badry also said that figures supplied by Iran show it producing around 3.7 million barrels a day. That is the same amount as Tehran pumped before international embargos on its crude that took effect this year and is estimated to have cost it hundreds of thousands of barrels a day in sales.

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