06.07.2015 - OPEC output update
OPEC recorded its highest output since August 2012 in June as the bloc pumped over 32.1 million b/d. Total production is 2 million b/d higher than OPEC's recently rolled over production target and is 744k b/d higher than a month earlier, according to Emirate NBD. The biggest increase came from Iraq, where production surged by 567,000 b/d to 4.39 million b/d, its highest ever recorded output. Saudi Arabia raised production by 150k b/d to 10.45m b/d as OPEC's largest producer maintained its policy of increasing output to secure market share...............................................Full Article: Source
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