OPEC oil production rises sharply in June

OPEC is pumping out more oil than at any time in recent history.

The Organization of Petroleum Exporting Countries produced nearly 32.9 million barrels of oil a day in June, according to its monthly statistical bulletin.That’s 260,000 barrels per day more than in May, an increase of about 1%. Monthly OPEC crude production averaged just under 32.6 million barrels per day between January and May.

Source: OPEC oil production rises sharply in June – Jul. 12, 2016

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