Opec oil production rises even as Saudi Arabia reduces output - FT.com

Opec oil production rises even as Saudi Arabia reduces output - FT.com:



"Saudi Arabia scaled down its oil production from record levels last month even as rival Opec members helped push the group’s output to the highest level since 2012.



Saudi Arabia told Opec it produced 10.4m barrels a day in July, down from 10.6m b/d the month before, according to Opec’s monthly oil market report.



The kingdom’s record production in June had sparked talk that Opec’s largest member would continue increasing output as it engaged in a battle for market share against rivals."



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