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Global oil production up with a rise in non-Opec output

Production increased to 92.6 million barrels a day, boosted by non-Opec output

Global crude production increased by 530,000 barrels per day (b/d) in May, to 92.6 million b/d, driven by a boost in non-Opec output. Non-Opec production reached 56.22m b/d in May, according to International Energy Agency (IEA) data, a rise of around 440,000 b/d. The increase, of about 1m b/d year-on-year, largely offset declines in Opec's output. Opec production inched up by 85,000 b/d in May, to 29.99m b/d, as gains from Saudi Arabia offset output losses from Libya.  In Iraq and Libya, production  fell below 100,000 b/d in early June, down from an average of 1.4m b/d a year ago. This has renewed focus on Saudi Arabia to boost its oil output or release some of its stocks. The IEA estimate

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