Highlights Bloc pumped 30.79 million b/d in April Saudi Arabia, UAE, Kuwait hit record highs OPEC+ deal imposes tough quotas in May London — OPEC turned up the taps in April, adding more glut to a reeling oil market, and now needs to greatly throttle back its crude production to comply with a global deal aimed at bolstering prices against the coronavirus crisis. OPEC’s battle for market share last month pushed the 13-country bloc’s output to 30.79 million b/d, an increase of 1.82 million b/d from March and the most since February 2019, according to the latest S&P Global Platts survey. Freed from quotas that had been in place for more than three years, core Gulf OPEC members Saudi Arabia, the UAE and Kuwait hit record highs in crude production, more than offsetting losses by Iraq, Angola […]