Bahrain Mirror- Reuters: The Organization of the Petroleum Exporting Countries (OPEC) pumped 32.00 million barrels per day in May, the survey found, down 70,000 bpd from April's revised figure. The May total is the lowest since April 2017, according to Reuters surveys.

In an effort to prop up prices, OPEC started reducing output by about 1.2 million bpd on Jan. 1, 2017, in its first supply cut since 2008. Nigeria and Libya, exempt from the curbs for 2017, told OPEC their output in 2018 would not exceed 2017 levels.

The May survey indicates that output from the 12 OPEC members with supply reduction targets rose by 40,000 bpd compared to revised April output, while total OPEC output dropped by 70,000 bpd.

Compliance slipped to 163% of agreed cuts in May from 166% in April, the survey found.

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