OPEC oil output jumps to 2017 high on further Libya recovery - Reuters
|"OPEC oil output has risen this month by 90,000 barrels per day to a 2017 high, a Reuters survey found, led by a further recovery in supply from Libya, one of the countries exempt from a production-cutting deal," Reuters said.
Key quotes:
- OPEC output rises by 90,000 bpd to 33.00 million bpd
- July compliance by 11 countries with output targets 84 pct
- June compliance revised lower to 77 pct on Saudi, Iraqi output
- Top exporter Saudi Arabia pumped 50,000 bpd less
- Among countries with lower output, the biggest decline was in Angola, which exported 50 cargoes, two less than in June
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