OPEC crude production in June edged down for the first time in three months, MEES estimates show, as supply disruptions in Libya and Nigeria more than offset an increase in Saudi Arabian output. Iraqi exports too registered a decline, bringing the producer group closer to the output target of 30mn b/d which members reinforced at their last meeting on 31 May.
Initial MEES estimates show total OPEC supply at 30.77mn b/d in June, down more than 370,000 b/d from a revised 31.13mn b/d in May. Average output of 30.95mn b/d over the last two months was around 400,000 b/d below the May-June 2012 average of 31.38mn b/d. (CONTINUED - 912 WORDS)
