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OPEC June Production Up Narrowly to 28.57mn bpd June: Bloomberg Survey


OPEC production came in at 28.57mn bpd in June according to a Bloomberg survey, up by 80,000 bpd from the month prior.

  • July output is expected to slide as Saudi begins its voluntary extra 1mn bpd cut this month which was extended for another month to the end of August after an announcement by officials Monday.
  • Russia meanwhile vowed to decrease its oil exports by 500,00 bpd in August.

source: Bloomberg

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