OPEC Oil Production Rose in June as Saudi Output Climbs 5.1% - Bloomberg

OPEC crude oil production jumped last month as Saudi Arabia, the group’s biggest exporter, pumped the most since 2008.

The 11 members of the Organization of Petroleum Exporting Countries bound by quotas produced 26.9 million barrels a day in June, the group’s Vienna-based secretariat said today in its monthly oil market report. That’s up from 26.4 million in May.

“Saudi Arabia led the crude oil output increase, followed by the United Arab Emirates, Kuwait, Venezuela and Iraq,” the group said “Output from Angola, Nigeria and Libya experienced the largest declines.”

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