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  • OPEC's oil production in October rises less than permitted under supply deal - Reuters
Ekonomické zprávy
01.11.2021

OPEC's oil production in October rises less than permitted under supply deal - Reuters

- OPEC members' output rises 190,000 bpd m-o-m to 27.50 mln bpd in October 

- OPEC+ supply deal permits a 400,000 bpd output rise in October from all members, including a 254,000 bpd m-o-m increase for 10 OPEC members covered by the deal

- Involuntary outages in some smaller producers offset higher supplies from Saudi Arabia and Iraq

- OPEC's compliance with its pledged cuts increases to 118% in October from 114% in September

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