OPEC SEP CRUDE OIL OUTPUT UP SLIGHTLY FROM AUG ON MORE FROM LIBYA, IRAQ: PLATTS SURVEY

7 Oct 2017   OPEC

OPEC Sep crude oil output up slightly from Aug on more from Libya, Iraq: Platts survey Venezuelan output slumps to 1.86 mil b/d Libyan output recovery still volatile, production up 80,000 b/d Saudi output 10 mil b/d; Iraq 4.50 mil b/d; Iran 3.83 mil b/d OPEC oil output in September rose marginally by 10,000 b/d, as production increases in Libya and Iraq were largely offset by declines in Venezuela and Angola, an S&P Global Platts survey of OPEC and oil industry officials and analysts showed October 6. OPEC’s 14 members saw their collective September output rise to 32.66 million b/d from 32.65 million b/d in August. That is some 740,000 b/d above its declared ceiling of about 31.92 million b/d, when Equatorial Guinea, which joined in May, is added in and Indonesia, which suspended its membership in December, is subtracted. OPEC announced the ceiling as part of a production […]

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