OPEC pumps more oil in May

Source: Xinhua | 2018-06-13

The Organization of the Petroleum Exporting Countries (OPEC) pumped more oil in May before the next meeting here, while de facto oil leader Saudi Arabia increased its production, the oil cartel's latest monthly report showed on Tuesday.

The OPEC crude oil production increased by 35,000 barrels a day in May compared to April after months of low oil production. The total amount of the oil production of OPEC was 31.87 million barrels per day in May.

Saudi Arabia, the largest oil pumper in OPEC, was the biggest contributor to the production increase, pumping 85,500 barrels per day more in May compared to April. However, the members of the cartel still show high conformity to the oil production ceiling.

The output ceiling of OPEC was 32.5 million barrels a day, which has lasted for more than one year to slash the global crude oil inventory.