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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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Oil production from the Organization of the Petroleum Exporting Countries (OPEC) crude oil output surged 300,000 barrels per day (b/d) in June, close to an eight-year high of 32.73 If the situation persists, the case for a return to some kind of production cap may gain traction. million b/d in June in order to meet domestic demand.

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The 5 Countries That Could Push Oil Prices Up

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Iraq represents the most obvious near-term threat to global supplies, but because the bulk of the country’s output is located in the south, far from the unrest, the potential outage is likely capped at 600,000 bpd, and would probably be temporary. The rebound in Nigerian production is not assured. The story here is similar to Libya.

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U Florida team using fungi to extract cobalt and lithium from waste batteries

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Although a global problem, the US leads the way as the largest generator of electronic waste. It is unclear how many electronic products are recycled. We were watching the huge growth in smartphones and all the other products with rechargeable batteries, so we shifted our focus. —Jeffrey A.

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The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

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The skepticism shown by a majority of financial analysts and oil commentators about the real threat to global oil (and gas) production volumes was countered by the news that the production at Saudi Aramco’s main offshore oil field, Manifa, has been hit by technical problems.

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Comparative genomics study of industrial fungus seeks to better harness potential for biofuels applications

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Aspergillus niger, shown here with its DNA lit up in green, is a fungus that can be used on an industrial scale to produce enzymes or chemicals such as citric acid. As of 2007, the global market for citric acid was estimated to be approximately $1.2 The production process involving A. niger strain used in the study ( A.

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