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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (47045)	8/3/2018 2:39:28 PM
From: Goose94	Read Replies (1) of 203020

Crude Oil: OPEC boosted production by 340,000 bpd in July, as several members of the group ramped up output. Saudi production jumped to 10.63 million barrels per day (mb/d), close to a record high, according to S&P Global Platts. Kuwait, the UAE, Iraq and Algeria all boosted output to their highest levels since December 2016, just ahead of the implementation of the original OPEC+ deal. Meanwhile, Iran’s production fell to 3.72 mb/d in July as buyers began to curtail imports. Venezuela’s production also fell to 1.24 mb/d. Libyan output fell to 670,000 bpd. Overall compliance with the agreed upon cuts slipped to 105 percent, down from 131 percent in June.

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