OPEC sees boost in oil production ahead of Iran sanctions

The Wall Street Journal | Christopher Alessi: OPEC’s total oil production climbed last month, in a sign the oil cartel is sticking with a decision to begin pumping out more barrels of crude this summer after more than a year of holding back output.

Crude oil production in the Organization of the Petroleum Exporting Countries rose month-on-month by 278,000 barrels a day in August, the cartel said, citing secondary sources. The increase was driven by higher output in Libya, Iraq and Nigeria.

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