Oil Consumed by OPEC Members Rises 2.1% in June, Led by Kuwait - Bloomberg

Consumption of crude within OPEC member nations rose 2.1 percent in June on higher use in Kuwait, data supplied to the Joint Organization Data Initiative show.

Organization of Petroleum Exporting Countries consumed 7.85 million barrels a day in June, compared with 7.69 million barrels in May, data posted today on the website showed. The association is supervised by the Riyadh-based International Energy Forum and compiles data from primary sources.

The majority of the increase came from Kuwait, the group’s fourth-largest producer. Its domestic USE rose 26 percent to 922,000 barrels a day from 730,000 barrels a month earlier, the data showed. Saudi Arabia, the group’s largest producer, reported a 4.3 percent decrease in domestic crude oil consumption to 1.89 million barrels a day.

* username: rupertbu