OPEC July oil output surges as Gulf voluntary cuts end – survey – ZAWYA

OPEC July oil output surges as Gulf voluntary cuts end – survey – ZAWYA

OPEC July oil output surges as Gulf voluntary cuts end - survey OPEC and allies agreed in April to a record output cut as the coronavirus crisis hammered demand    The logo of the Organization of the Petroleum Exporting Countries (OPEC) is seen inside their headquarters in Vienna, Austria December 7, 2018. Image used for illustrative purposeLONDON  - OPEC oil output has risen by over 1 million barrels per day (bpd) in July as Saudi Arabia and other Gulf members ended their voluntary extra supply curbs on top of an OPEC-led deal, and other members made limited progress on compliance.The 13-member Organization of the Petroleum Exporting Countries pumped 23.32 million bpd on average in June, the survey found, up 970,000 bpd from June's revised figure, which was the lowest since 1991.OPEC and allies agreed in April to a record output cut as the coronavirus crisis hammered demand.The 13-member Organization of the Petroleum Exporting Countries pumped 23.32 million bpd on average in June, the survey found, up 970,000 bpd from June's revised figure, which was the lowest since 1991.LONDON  - OPEC oil output has risen by over 1 million barrels per day (bpd) in July as Saudi Arabia and other Gulf