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Platts: June OPEC output of 32.73M barrels of crude per day, highest since Aug. 2008

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million b/d, as production in Nigeria and Libya tentatively recovered along with steady increases for Saudi Arabia and Iran, according to an S&P Global Platts survey of OPEC and oil industry officials. The sharp increase in OPEC’s June production affirms a continuation of its market share strategy. The situation remains volatile.

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Comparative genomics study of industrial fungus seeks to better harness potential for biofuels applications

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Aspergillus niger, shown here with its DNA lit up in green, is a fungus that can be used on an industrial scale to produce enzymes or chemicals such as citric acid. As of 2007, the global market for citric acid was estimated to be approximately $1.2 niger is thus a well understood fungal fermentation process.

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Oil Prices Running Out Of Reasons To Rally

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percent in intraday trading on Monday, after a report at the end of last week showed another solid build in the US rig count, the tenth consecutive week that the oil industry added rigs back into the field. At the start of 2017, there are two major dynamics at play occurring at the same time, each pushing in opposite directions on the market.