OPEC’s Production Soared By 855,000 Bpd In June ...Middle East

Economy by : (OILPRICE) -
As agreed in April, OPEC opened the taps in the second quarter of the year to meet a rebound in global oil demand, boosting crude production by 855,000 barrels per day (bpd) in June, the largest output hike in a year, a Bloomberg survey found on Friday. The 13-member organization raised its production to 26.47 million bpd last month, up by 855,000 bpd compared to May, according to the survey based on ship-tracking data, information from officials, and estimates from energy consultancies. Saudi Arabia, OPEC’s top producer and the world’s…

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