OPEC Holds Production Steady While Ministers Discuss Next Move
- Group pumped 31.9 million barrels a day in May, survey shows
- Saudi Arabia, Russia have signaled they will raise supply
A person lays down on the coast in front of an offshore oil platform near Niteroi, Rio de Janeiro state, Brazil.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
OPEC is holding oil production steady even as it debates an increase.
The Organization of Petroleum Exporting Countries pumped 31.9 million barrels a day last month, unchanged from revised levels for April, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. April’s output was the lowest in a year.