OPEC able to raise oil output by 1.3m barrels per day

Saudi Energy Minister Khalid al-Falih said OPEC is technically able to raise oil output by 1.3 million barrels per day (bpd), the TASS news agency reported on Thursday.

Saudi Energy Minister Khalid al-Falih

TASS had earlier incorrectly reported that Falih said his own country was able to increase output by 1.3 million bpd. (Reuters/NAN)