(EnergyAsia, July 18 2012, Wednesday) — Despite Saudi Arabia raising its production, the Organisation of the Petroleum Exporting Countries’ (OPEC) crude output dipped by 30,000 b/d to 31.72 million b/d in June from 31.75 million b/d in May, said energy media Platts. The decline in Iranian production, as a result of tightening economic sanctions imposed…

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