Middle East Economic Survey
OPEC Oil Output Steady In July As Iraq Gains Erase Iran Declines
OPEC oil production was little changed in July from June, holding above 30mn b/d for a third month as gains in Iraqi production were offset by declines in month-on-month Iranian output. Total OPEC production rose in July by 5,000 b/d to 30.04mn b/d from 30.035mn b/d in June, according to MEES estimates (MEES, 25 July). OPEC-10 (OPEC without Iraq) production, however, was...