• Analytics
  • News and Tools
  • Market News
  • OPEC oil production hits new low on Trump's sanctions, supply pact - Reuters survey
Market News
05.07.2019, 11:44

OPEC oil production hits new low on Trump's sanctions, supply pact - Reuters survey

Reuters survey reveals the 14-member Organization of the Petroleum Exporting Countries (OPEC) pumped 29.60 million barrels per day (bpd) in June, down 170,000 bpd from May's revised figure. That was the lowest OPEC total since April 2014.

According to the survey, a rise in Saudi supply amid pressure from U.S. President Donald Trump to bring down prices did not offset losses in Iran and Venezuela due to U.S. sanctions and other outages elsewhere in the group. 

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Live Chat E-mail
Choose your language / location