Sources: OPEC figures show June oil output rise led by Libya & Nigeria – RTRS


According to figures the exporter group uses to monitor its supply, a recovery in the output levels from the two nations, Libya and Nigeria, exempted from the OPEC output cut deal led to the increase in the OPEC output for June by more than 300,000 bpd, Reuters reports.

Key Points:

Including Nigeria and Libya, which are exempt from the deal, output by all 13 OPEC members in June rose to about 32.47 million bpd, according to the average assessments of secondary sources OPEC uses to monitor its output. The figures were seen by Reuters.

That would be up 330,000 bpd from OPEC’s published May figure.

 

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