30-06-2016 15:29 via uk.news.yahoo.com

OPEC oil output hits record high in June on Nigerian rebound

By Alex Lawler LONDON (Reuters) - OPEC's oil output has risen in June to its highest in recent history, a Reuters survey found on Thursday, as Nigeria's oil industry partially recovers from militant attacks and Iran and Gulf members boost supplies. Supply has surged since OPEC abandoned in 2014 its historic role of cutting supply to prop up prices.
Read more »