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OPEC figures show June oil output rise led by exempt nations - sources


By Rania El Gamal and Alex LawlerREUTERS - OPEC oil output has risen in June by more than 300,000 barrels per day, (bpd) according to figures the exporter group uses to monitor its supply, as a recovery in two nations exempt from a supply cut deal countered high compliance by many others.The Organization of the Petroleum Exporting Countries agreed to cut output by about 1.2 million bpd from Jan. 1 to reduce a glut and support prices. Russia and 10 other non-OPEC states agreed to cut half as much.Including Nigeria and Libya, which are exempt from the deal, output by all 13 OPEC members in June ...

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First Published: Wed, July 12 2017. 08:44 IST