OPEC July Output Seen Dn 200,000 B/D

Schlumberger – OPEC’s output is expected to fall by 200,000 barrels a day in July because of lower production from Saudi Arabia and Venezuela, a leading tanker tracker said Monday.

The Organization of Petroleum Exporting Countries is expected to pump 29.9 million b/d in July, down from 30.1 million b/d in June, Geneva-based Petrologistics forecasts.

Preliminary estimates from Petrologistics suggest Saudi Arabia will pump 9 million b/d in July down from 9.15 million b/d in June.
Schlumberger