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OPEC shatters oil production records

OPEC's revenue slumps to 10-year low

OPEC smashed an all-time oil production record in July, pumping relentlessly despite the low prices.

The oil cartel produced just over 33.1 million barrels of oil per day in July, up 46,400 barrels compared to June, it said in a new report released Wednesday. That's over a million barrels a day more than it produced on average in 2015 and 2 million more than in 2014.

OPEC confirmed OPEC crude oil production achieved a historical record in July.

The cartel has been pumping relentlessly for the last two years, aiming to defend its market share despite the collapsing...


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