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Global Production Skyrockets in July

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Global production of hydrocarbon liquids jumped by over 2 million b/d in July, catapulting over the 100 million b/d threshold and ending at an average 100.8 million b/d for the month. The total is the highest since March 2020. Opec-plus accounted for over half the monthly gain, or an additional 1.13 million b/d, lifting the alliance's total liquids output to 52.43 million b/d. Countries not aligned with Opec managed to boost production by 940,000 b/d thanks to rebounds in Norway (430,000 b/d month-on-month) and Equador (130,000 b/d month-on-month).

Topics:
Crude Oil, Oil Supply, Opec-Plus Supply , Non-Opec Supply
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