OPEC has cut oil output by 1.25 mbpd in June, says Petro-Logistics - Reuters UK

5:21am PDT - June 29th, 2020    david price - Reuters

OPEC has cut oil output in June by 1.25 million barrels per day (bpd) from May levels as it works to implement a supply restraint agreement with Russia and other allies, according to estimates from tanker-tracking company Petro-Logistics.