Saudi Arabia set a new record in oil production. According to The Financial Times in June, the average production was 10.564 mln.bar./day. This is 200 thousand barrels more than their previous record (10.33 million bar). The state company "Saudi Aramco" yesterday said they will increase production entirely according to the growth of demand, without complying with the drop in price, which supports the expectation of continued growth in demand.
The volume in June OPEC has grown in Iraq and Nigeria, while in Libya, Iran and Algeria have some decline.
Yet Iran continues to be a start for a sharp increase in yields after the fall of the embargo. Brent price dropped yesterday after failed to restore the "gap detection", but still closed with a fall ($ 57.84). The decline continues today to $ 57, plays 'Iranian' expectations. Strong influence and Asian markets traded mixed today, and China - the second largest oil consumer in the world, slow growth stock in recent days (Hang Seng -0,9%, Shanghai Composite -1,4%) and can cause new concerns.
In June in Russia, according to the Ministry of Energy of the Russian Federation has made compliance of 10,926 million barr. /day (equivalent of oil and gas condensate). This result is 1.4% higher than in June 2014.
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