Opec oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group’s top exporters on market share.The boost from the Organization of the Petroleum Exporting Countries puts output further above its target of 30 million barrels per day (mbpd) and comes despite outages in Libya and Nigeria that curbed supplies.
Opec crude output hits 3-year high
July 11, 2015