In an interview with CNNMoney, Suhail Al Mazrouei, the current head of OPEC and energy minister of the United Arab Emirates, said that they haven’t received any official or unofficial communication from the US administration regarding the OPEC production levels and added that those rumors were unfounded.
Meanwhile, Bloomberg has recently reported that OPEC’s daily production increased by 162K barrels in May to 10.03 million barrels per day. At the moment, the price of the barrel of WTI is flat on the day at $65.75.
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