Opec oil output surges in June to satisfy recovering demand, says survey ...Qatar

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Opec boosted oil production last month by the most in a year, in line with plans to meet rising demand as countries recover from the pandemic. The Organization of Petroleum Exporting Countries production rose by 855,000 barrels a day in June to 26.47mn a day, with just over half the increase coming from group leader Saudi Arabia, Bloomberg survey showed. As global fuel consumption bounces back in the US, Europe and parts of Asia, the alliance and its partners are gradually reviving output shuttered during the start of the pandemic last year. Opec and its allies’ next move, however, remains mired in uncertainty. Talks to increase supply further beyond August ended acrimoniously on Thursday f

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Opec oil output surges in June to satisfy recovering demand, says survey ...Qatar

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