OPEC oil output sinks as Saudi deepens cuts and others cut more, survey shows

OPEC oil output hit the lowest in two decades in June as Saudi Arabia and other Gulf Arab members made larger cuts, a Reuters survey found, pushing group compliance in a supply reduction pact above 100% despite incomplete adherence by Iraq and Nigeria.OPEC and its allies in April agreed to a record output cut to offset a slump in demand caused by the coronavirus crisis."Demand is expected to pick up in the second half of the year and there is a general consensus that the OPEC+ group will live up