Saudi Arabia’s oil exports rebounded in June from a five-month low as the largest OPEC producer boosted output to a record. Exports climbed to 7.37 million barrels a day from 6.94 million barrels in May, according to data on the website of the Joint Organizations Data Initiative, or JODI. Output by the world’s biggest exporter rose to 10.564 million barrels daily from 10.3 million. Saudi Arabia told OPEC its June production was a record, exceeding a previous all-time high set in 1980. The 12-member Organization of Petroleum Exporting Countries has been boosting output for most of the past year to maintain market share amid higher production from the U.S. to Russia. That’s led to a glut in the market that’s pushed Brent crude prices down 15 percent this year. OPEC in June pumped 32.5 million barrels a day, a seven-year high, according to data compiled by Bloomberg. Saudi Arabia […]