Saudi Arabia raised oil output by 0.5mn barrels per day in June
Saudi Arabia has told OPEC it pumped 10.488mn barrels per day (bpd) of crude oil last month, an increase of 458,000 bpd from the level it said it produced in May. Saudi Arabia’s total supplies to the market in June were even higher than well-head production, according to sources, suggesting the Kingdom sold crude from storage.
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