OPEC pumped 33.1 million barrels a day last month, down 310,000 barrels a day from November.
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OPEC said Tuesday oil producers have kept their promise to cut output in accordance with a landmark deal designed to lift petroleum prices.As a result, prices rose in February as last year's accord between OPEC members and some non-members gained traction, the Organisation of the Petroleum Exporting Countries said in its monthly oil report.In December, OPEC agreed with 11 non-members, including Russia, to cut output in the first half of this year to push prices higher.Citing a survey by Baker Hughes, an oil firm, OPEC said the number of American oil rigs had risen for seven consecutive weeks and was now 55 percent higher than a year ago.Rising global demand for oil will help rebalance the market, OPEC projections showed.
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