OPEC oil output edges higher in May – survey

OPEC boosted crude oil output in May as higher supply from members including Algeria and the United Arab Emirates countered a drop in Nigeria, a Reuters survey showed on Friday.

Ten OPEC members bound by output targets, all except Iraq and Angola, pumped 26.76 million barrels per day (bpd), up 110,000 bpd from April, according to the survey of oil companies, traders, OPEC officials and analysts.