OPEC raises oil production by most in June in a year: survey

The Organization of the Petroleum Exporting Countries (OPEC) boosted oil production by most in June in a year, in line with plans to fulfill rising demand as countries recover from the COVID-19 pandemic, according to a survey by Bloomberg.

OPEC production rose by 855,000 barrels per day (bpd) in June to 26.47 million.

OPEC+ delayed its ministerial meeting until Friday, July 2, to hold more talks on oil output policy.