OPEC oil production tumbles Bloomberg

Output was reportedly down 900,000 barrels a day in July

OPEC's oil production plunged by the most in three years in July due to Saudi Arabia's deeper cut to support crude prices, Bloomberg reported on Tuesday.

The outlet's survey showed that OPEC's output was down 900,000 barrels per day (bpd) last month, to an average of 27.79 million bpd. It is the sharpest drop since 2020, when the grou