OPEC Output Surges in June as Saudi Arabia Leads Production

Investing.com- production by OPEC countries rose in June, the Organization of the Petroleum Exporting Countries and Russia stated in its monthly report.

Total production of OPEC countries rose by 173,000 barrels per day (bpd) in June to 32.3million bpd. The boost was lead by supply increases from Saudi Arabia, while production declines in Venezuela and Libya continued.

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