OPEC Raises Oil Production To Highest Since April 2020 ...Middle East

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OPEC Raises Oil Production To Highest Since April 2020
source : OILPRICE ( Middle East ) () 5
OPEC has been pumping in August the highest volume of crude oil since April 2020, after the OPEC+ alliance agreed to ease the production cuts by 400,000 barrels per day (bpd) every month beginning in August, the monthly Reuters survey showed on Tuesday. The 13-member-strong OPEC group has been producing 26.93 million bpd in August, an increase of 210,000 bpd compared to the estimated output in July, according to the Reuters survey of OPEC sources, sources at oil firms and consultants, and tanker-tracking data. Although OPEC continued to raise its…

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