OPEC Middle East Oil Flows Edge Higher on Easing of Output Cuts

OPEC Middle East Oil Flows Edge Higher on Easing of Output Cuts

Oil exports from OPEC's Middle East producers rose in July after Saudi Arabia and key Persian Gulf allies reversed the voluntary production cuts they had made the previous month. The figures excludes Iran.Kuwait and the United Arab Emirates led the gain in last month's oil supplies to international markets, with Saudi Arabia increasing less quickly and Iraq barely changed. Saudi producers boosted shipments by 190,000 barrels a day, far less than its increase in production, possibly signaling domestic crude use has soared