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OPEC production still beneath OPEC+ targets

OPEC total crude oil production rose by 216,000 bopd in July compared to June, but combined production from the 10 OPEC members, part of the OPEC+ cartel, continued to lag the targets in its production agreement, OPEC’s monthly report showed on Thursday.

Tim Daiss
OPEC production still beneath OPEC+ targets

Total OPEC crude oil production averaged 28.9 million bold last month, according to the OPEC report, citing secondary sources. The OPEC+ group of producers, with Libya, Iran, and Venezuela exempted, pumped...

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