Commodities
OPEC Crude Production Steady While Some Members Exceed Limits
- Iraq trims oil output yet remains significantly above quota
- Group pumped 26.98 million b/d of crude in June, survey shows
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OPEC’s crude production remained steady for a third month, while some key members continued to pump above agreed limits.
The Organization of Petroleum Exporting Countries produced an average of 26.98 million barrels a day in June, or 80,000 a day less than during the previous month, according to a Bloomberg survey. Small reductions in Iraq and Nigeria drove the decline.