Saudi output is up 85.5 MBOPD
OPEC released this month’s Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry.

The cartel’s production increased in May, with many countries reporting large changes in output. In total OPEC produced 3,1869 MBOPD in May up 35.4 MBOPD from April levels.

Like last month, Saudi Arabia showed the largest increase in production this month, with output rising by 85.5 MBOPD in May.

The kingdom produced just under 10 MMBOPD and above its average in Q4 2017 a...

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