The International Energy Administration (IEA) said that record pumping rates in the Middle East and recovering flows in Nigeria have helped to consolidate the Organisation of Petroleum Exporting Countries (OPEC) market share.IEA, which made this declaration in its July oil market report, stated that global oil supplies rose by 0.6 mbpd in June, to 96 mbpd, after outages curbed OPEC and non-OPEC supplies in May, while production was 750 kbpd below as higher OPEC output only partially offset non-OPEC declines.
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