21
Wed, Oct

OPEC oil output rises in June after historic low as Persian Gulf producers bounce back

OPEC oil output rises in June after historic low as Persian Gulf producers bounce back

World Maritime
OPEC oil output rises in June after historic low as Persian Gulf producers bounce back

Saudi Arabia and Iraq also increased output, sources in the survey said. Nigeria and Libya, whose shipments were not affected by the Iran war, also pumped more.

Seven members of the OPEC+ producer group, which includes OPEC plus allies including Russia, had agreed to raise production in June, but the Iran war made that impossible.

The Reuters survey is based on flow data from financial group LSEG, information from other companies that track flows, such as Kpler, and information provided by sources at oil companies, OPEC and consultants.

(Reporting by Alex Lawler; additional reporting by Ahmad Ghaddar, editing by Elaine Hardcastle)

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