Industry at a glance

Vol. 230 No. 7 May global oil supply fell by 190,000 bpd to 83.37 million bpd. OPEC crude oil production in May again increased, by 170,000 bpd to 33.38 million bpd, about 1.1 million bpd over the group’s target. OPEC opted to hold output targets steady at its May 28 meeting in Vienna.

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