OPEC Output Rose in June Despite Planned Cuts

13 Jul 2017   OPEC

OPEC produced more crude oil in June despite efforts to curb output, the cartel said Wednesday, flagging that growing production elsewhere could complicate its ability to control the global oil market. The Organization of the Petroleum Exporting Countries’ output rose by roughly 1.4% to 32.61 million barrels a day in June, compared with May, led mainly by production increases in Libya, Nigeria, Angola, Iraq and Saudi Arabia,…

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