OPEC output up for third month in July: Reuters survey
LONDON (Reuters) - OPEC oil supply rose for a third consecutive month in July, mainly due to higher output from the world's top exporter Saudi Arabia, a Reuters survey showed on Monday.
Supply from the Organization of the Petroleum Exporting Countries climbed to 32.58 million barrels per day in July from 32.33 million bpd in June, according to the survey of oil firms, OPEC officials and analysts.
The 12 members bound by output targets, all except Iraq, pumped 30.2 million bpd, up from 29.93 million bpd in June and above their target of 29.67 million bpd, the survey found.
OPEC pumps about two in every five barrels of oil.
(Reporting by Alex Lawler, editing by Anthony Barker)
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