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OPEC+ produces 437,000 b/d above quota in first month of compensation cuts

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OPEC+ crude production in July made its biggest jump in almost a year, as Iraq and Kazakhstan raised their output despite committing to deeper cuts, while Russia also remained well over its quota. The group’s overall production was up 160,000 b/d compared with June, totaling 41.03 million b/d, the Platts OPEC+ survey from S&P Global ...

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