According to foreign news on November 2, a survey released on Thursday showed that OPEC's crude oil production last month was generally stable at September levels, as small increases in African members were offset by lower production in other regions.
According to the survey, OPEC's daily crude oil production in October was 28.08 million barrels, an increase of about 50,000 barrels from September.
Nigeria increased production the most, with Angola, Gabon, Equatorial Guinea and Congo also increasing production in October. Nonetheless, lower output from other members of the group led to a small increase in total output.
Another OPEC production survey released previously showed that the organization’s crude oil production increased more significantly in October. According to the survey, daily output of OPEC countries increased by 180,000 barrels from September. However, total production in October was lower than the 27.9 million barrels per day in this survey.
In the previous survey, Nigeria, Angola, Iran and Iraq once again led the production growth. According to the survey, Iran's daily oil production reached 3.17 million barrels in October, the highest level since 2018.
Meanwhile, Saudi Arabia is keeping its output at around 9 million barrels per day in line with its decision to voluntarily cut production, despite signs that it may increase output to limit the war between Israel and Hamas* Potential price spikes caused by competition. While OPEC's de facto leader stuck to its production targets, the 10 OPEC members subject to quotas collectively increased output by 150,000 barrels per day.
微信扫一扫打赏
