OPEC supply fell in August by 210,000 bbls a day from a 2017 high in July as flows from Libya faltered due to renewed unrest and output from other producers eased, according to the International Energy Agency (IEA). The first decline since March lowered production from the 14 members to 32.67 million bbls a day. The 12 members who agreed to cut supply raised their compliance rate to 82 per cent from 75 per cent in July.
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