Highlights Alliance fails to take full advantage of rising quotas Iraq, Russia, Saudi Arabia, UAE post biggest increases Kazakhstan maintenance, Nigeria oil spill limit gains OPEC and its allies nudged up crude production by just 50,000 b/d in August, despite loosening their output quotas, as disruptions and maintenances in a few countries capped the group’s gains. Receive daily email alerts, subscriber notes & personalize your experience. Register Now OPEC’s 13 members pumped 26.97 million b/d in the month, a rise of 140,000 b/d from July, while nine non-OPEC partners led by Russia added 13.29 million b/d, a drop of 90,000 b/d, according to the latest S&P Global Platts survey. The combined output of 40.26 million b/d marks the sixth straight month the alliance has stepped up production. But it could have been more in August. The current OPEC+ supply accord calls for monthly 400,000 b/d increases in the group’s […]