In MayOPEC pumped 29m barrels a day (b/d) ofoil (includingIran, which is not in the quotasystem) whereasofficialquotas, lastformallychangedin 2007, stand at 24.8m b/d.
At US retailer Sears, chief executive Louis D'Ambrosio will stand down for family health reasons in early February, being replaced by Edward Lampert, who will add the chief executive job to his current role as chairman.