Oops, slight error in numbers:Saudi -- up from 9.7m in Jan to...

Oops, slight error in numbers:

Saudi -- up from 9.7m in Jan to 9.92m in May (NOT up from 9m stated earlier)
Kuwait -- up from 2.7m in Jan to 2.86m in May
Libya -- up from 1m in Jan to 1.45m in May
(Source: OPEC's Monthly Oil Market Report, June 2012)

Essentially, Saudi and Kuwait increased output deliberately to offset declining Iran oil output, and Libya surprised everyone with its output recovery to almost pre-civil war levels. Result is that OPEC output is actually slightly higher (from 28.1m to 28.6m BOPD).