OPEC saw its crude oil production rise by 150,000 barrels per day (bpd) in August, data from secondary sources in the cartel’s monthly report showed, but even at higher quotas, the members part of the OPEC+ pact pumped less than estimated by tanker tracking surveys and less than the OPEC overall quota in the agreement. Total crude oil production from all 13 OPEC members averaged 26.76 million bpd in August, according to secondary sources OPEC cited in its closely-watched Monthly Oil Market Report (MOMR) today. The August production was 150,000 bpd higher than the July crude output, as the OPEC+ alliance returns more barrels to the market as per the latest deal reached in July. The increase, however, was lower than estimated in the monthly Reuters survey, which had pegged the rise at 210,000 bpd to average 26.93 million bpd, and even lower than the Bloomberg survey’s estimate of […]