CoinScoopOPEC August Oil Production Drops by 640,000 Barrels Per Day
A Reuters survey indicates that OPEC oil production fell by 640,000 barrels per day to 19.71 million barrels per day in August. The decline is attributed to disruptions in Saudi exports due to the conflict in Iran and U.S. sanctions affecting Iranian shipments, which hindered planned production increases by member nations.
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