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    OPEC oil output hits record as Gulf gains counter African losses

    By hellenicshippingnews OPEC’s oil output is likely in August to reach its highest in recent history, a Reuters survey found on Wednesday, as extra barrels from Saudi Arabia and other Gulf members make up for losses in Nigeria and Libya. Production in top OPEC exporter Saudi Arabia has likely reached a fresh record, sources in the survey … Read full story ›

    Source:: Hellenic shipping news Oil