Saudi Arabia And UAE To Lead OPEC Oil Production Increase
- Date: 16-Jul-2021
- Source: Yahoo News
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudi Arabia And UAE To Lead OPEC Oil Production Increase
OPEC pumped 26.03 million barrels per day (bpd) of oil in June—up by 590,000 bpd from May, the cartel said on Thursday as it predicts demand for its crude at 27.7 million bpd this year, suggesting that the market would need more OPEC oil.
In its closely watched Monthly Oil Market Report—especially after the rift between the key OPEC members Saudi Arabia and the UAE—the organization said that crude oil output rose mainly in Saudi Arabia, the UAE, Angola, Iran, and Kuwait.
Select Sector 
Select Country 
