13 Nov, 23

OPEC’s Oil Production Inched Up In October

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OPEC’s crude oil production rose in October by 80,000 barrels per day (bpd) compared to September, but the output at the countries bound by the OPEC+ pact continued to be well below the levels agreed, OPEC said on Monday.   Total production from all 13 OPEC members averaged 27.90 million bpd in October 2023, up by 80,000 bpd month-on-month, as output rose in Angola, Iran, and Nigeria, according to the secondary sources the cartel uses to track production levels. Oil output in Libya, Saudi Arabia, and Kuwait fell last month compared…

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