Production said to be 10.67 million barrels a day in July Figures were submitted to OPEC, according to two people Saudi Arabia told OPEC that it pumped a record 10.67 million barrels of oil a day in July to meet a summer surge in domestic demand, an increase that will do nothing to endear OPEC’s leading exporter to other members seeking output limits to shore up prices. The figures were submitted to the Organization of Petroleum Exporting Countries, according to two people with knowledge of the data, asking not to be identified because the information wasn’t made public. The output beat the previous all-time production high of 10.56 million barrels a day in June 2015, according to OPEC submissions. OPEC’s monthly report is scheduled to be released Wednesday. Oil extended its decline, dropping as much as 1.6 percent to $42.08 a barrel in New York trading. Close all those […]