OPEC Reports Rising Output, Sees Lower Demand For Its Oil In 2018

OPEC’s crude oil production averaged 32.61 million bpd in June, up by 393,000 bpd over May, and the cartel’s first look into the 2018 oil market points to demand for OPEC crude at 32.2 million bpd next year, down by 100,000 bpd compared to this year.

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