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OPEC Oil Output Surged in June to Satisfy Recovering Demand

  • Production rose 855,000 barrels a day in June, survey shows
  • Group currently deadlocked over plan to revive more supplies
The Khurais Processing Department in the Khurais oil field in Khurais, Saudi Arabia, on June 28.

The Khurais Processing Department in the Khurais oil field in Khurais, Saudi Arabia, on June 28.

Photographer: Maya Sidiqqui/Bloomberg

OPEC boosted oil production last month by the most in a year, in line with plans to meet rising demand as countries recover from the pandemic.

The Organization of Petroleum Exporting Countries production rose by 855,000 barrels a day in June to 26.47 million a day, with just over half the increase coming from group leader Saudi Arabia, Bloomberg survey showed.