Production Disruptions From Nigeria and Libya Lower OPEC’s Output in July 2016

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OPEC’s crude oil output was disrupted in July, by militant attacks in Nigeria and political disputes in Libya, according to a Bloomberg News survey. Output from the 13 established members of the Organization of Petroleum Exporting Countries, excluding new entrant Gabon, fell by 80,000 bpd last month, a Bloomberg survey of analysts, oil companies and ship tracking data showed. Nigeria led … Read More