OPEC’s total crude oil production rose by 216,000 barrels per day (bpd) in July compared to June, but combined production from the 10 OPEC members part of the OPEC+ pact continued to lag the targets in the agreement, OPEC’s monthly report showed on Thursday. Total OPEC-13 crude oil production averaged 28.
90 million bpd last month, according to secondary sources in OPEC’s Monthly Oil Market Report. The 10 members in the OPEC+ pact, with Libya, Iran, and Venezuela exempted, pumped just over 25 million bpd in July, figures from OPEC’s…OPEC’s Oil Production Rises But Still Well Below OPEC+ Target
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