OPEC oil output rose in August to its highest since April 2020, a Reuters survey found, although involuntary losses limited the gain as the group's top producers further eased supply curbs under a pact with its allies.
The Organization of the Petroleum Exporting Countries has pumped 26.93 million barrels per day , the survey found, up 210,000 bpd from July's estimate. Output has risen every month since June 2020, apart from in February.
While the 10 OPEC members raised output by more than this, OPEC as a whole has under-delivered on the expected month-on-month rise, the survey found. Members are still pumping less than called for under the latest deal. The second-biggest came from No. 2 producer Iraq, which boosted exports in August. Exports also rose in Angola, from a reduced level in July.
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