OPEC Lifted Crude Production in July
- Group boosted monthly output by 41,000 barrels a day
- Nigeria, Kuwait output rose as supply in Libya, Iran fell
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OPEC crude production rose in July, despite sliding output in Libya, Iran and Saudi Arabia.
The bloc’s output averaged 32.32 million barrels a day in July, up 41,000 barrels a day from June, the group said in its monthly oil market report, citing secondary source figures. Increased production in Kuwait, Nigeria and the United Arab Emirates more than offset the drop elsewhere.