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Union Jack Oil

Global oil production increases in July 2020

Global liquids production in July increased significantly by 1.29 million barrels per day (bpd) to average 88.75 million bpd, the Organization of Petroleum Exporting Countries (OPEC) said in its report on Wednesday.

In July, OPEC crude oil production rose by 980,000 bpd month-over-month to average 23.17 million bpd, according to secondary sources quoting from OPEC’s Monthly Oil Market Report for August.

Non-OPEC liquids production in July, including OPEC non-gas liquids (NGLs) and non-conventional liquids, is estimated to have increased by 310,000 bpd from the previous month to average 65.58 million bpd.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

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