OPEC Oil Output Rose In August Amid Supply Revival, Survey Shows

OPEC bolstered crude production last month as the group and its allies continued to revive halted supplies, according to a Bloomberg survey.

The Organization of the Petroleum Exporting Countries raised output by 400,000 barrels a day — roughly the amount planned — to 28.55 million barrels a day, the survey showed. Group leader Saudi Arabia accounted for just over half of the increase.