LONDON, August 11 /PRNewswire/ —
The 12 members of the Organization of Petroleum Exporting Countries (OPEC) pumped an average 30.5 million b/d of crude in July, 280,000 b/d higher than June’s 30.22 million b/d, a Platts (http://www.platts.com/) survey showed August 10.
Production from the 10 members bound by output agreements averaged 26.71 million b/d, up 110,000 b/d from June’s 26.6 million b/d, the survey showed.
Iraq, struggling to rebuild its oil industry after years of United Nations sanctions followed by a US-led war, does not participate in OPEC output pacts. Nor, at this stage, does Angola, which joined the producer group at the beginning of this year, after the output curbs currently in place were agreed. read more
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