Energy
OPEC Oil Output Rose Ahead of Iran War on Saudi Boost, Survey Shows
Ol transport pipes at Saudi Aramco's Ras Tanura oil refinery and terminal.
Photographer: Simon Dawson/Bloomberg
OPEC’s crude oil production climbed last month as group leader Saudi Arabia bolstered production amid rising regional tensions, a Bloomberg survey showed.
Output from the Organization of the Petroleum Exporting Countries increased by 640,000 barrels a day, the biggest hike since June, with the Saudis accounting for about half of the addition, according to the survey. The 12 members collectively pumped 29.52 million barrels a day.