OPEC oil production shots up in July

ORGANIZATION of the Petroleum Exporting Countries’ (OPEC) oil production rose 0.4 per cent in July 2014 from a month earlier, according to an industry survey.

Supply from OPEC has averaged 30.06mn bpd last month, up from 29.92mn bpd in June, according to the Reuters survey based on shipping data and information from sources at oil companies, OPEC and consultants. Read More

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