OPEC, driven by new 405 MBOPD of Saudi production, announces largest net production increase in 12 months
OPEC has released its Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry.

The group produced an estimated 32,327 MBOPD in June, up significantly from last month. Net output is up 173.4 MBOPD, the largest single-month increase in a year. Like the past two months, most of this production growth was driven by Saudi Arabia.
Following through with jump to 10.42 MMBOPD
The kingdom is ...

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