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OPEC oil output has risen this month to a 2018 high as Libyan production recovered and Iraq's southern exports hit a record, a Reuters survey found, although a cut in Iranian shipments due to U.S. sanctions limited the increase.Kuwait and the United Arab Emirates, after raising output in July following the OPEC deal, kept supply steady in August, the survey found.Despite these decreases, OPEC output in August has risen to the highest since September 2017 according to Reuters surveys.Before Congo joined, OPEC had an implied production target for 2018 of 32.78 million bpd, based on cutbacks detailed in late 2016 and Nigeria and Libya's expectations of 2018 output. According to the survey, OPEC excluding Congo pumped about 310,000 bpd below this implied target in August.
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