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OPEC Oil Production Falls as Iraqi Output Slips From Record

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OPEC crude output declined this month as Iraqi production slipped from a record in June.

Output by the Organization of Petroleum Exporting Countries decreased 362,000 barrels to 32.107 million a day this month, according to a Bloomberg survey of oil companies, producers and analysts. Last month’s total was revised 335,000 barrels higher, to 32.469 million a day, because of changes to the Saudi, Kuwaiti, Angolan and Nigerian estimates.