OPEC's June production rose
A survey conducted by Reuters showed that OPEC's oil production in June increased to 19.43 million barrels per day, up by 3.3 million barrels from the previous month. This marks a recovery after reaching its lowest level in two decades due to supply disruptions during the Iran conflict. Kuwait and Iran recorded the largest increases in production, while Saudi Arabia, Iraq, Nigeria, and Libya also contributed to boosting production levels, despite the ongoing war's impact on implementing previously announced production increase agreements.
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