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OPEC July oil output hits 2018 peak, but outages weigh

Updated : July 31, 2018 08:01 AM IST

OPEC oil output has risen this month to a 2018 high as Gulf members pumped more after a deal to ease supply curbs and Congo Republic joined the group, a Reuters survey found, although losses from Iran and Libya limited the increase.
The Organization of the Petroleum Exporting Countries has pumped 32.64 million barrels per day in July, the survey on Monday found, up 70,000 bpd from June's revised level and the highest this year with Congo added.
Iraq also increased supply as exports rose from the country's southern terminals.
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