OPEC oil output hits record on Iraq, Libya boost: Reuters survey

OPEC oil output hits record on Iraq, Libya boost: Reuters survey
 

OPEC's oil output is likely to reach its highest in recent history in September, a Reuters survey found on Friday, as Iraq boosted northern exports and Libya reopened some of its main oil terminals.
The increase comes despite lower output in top exporter Saudi Arabia and this week's agreement by the Organization of the Petroleum Exporting Countries in Algeria to limit supply to support prices, its first such decision since 2008.
Supply from OPEC has risen to 33.60 million barrels per day (bpd) in September from a revised 33.53 million bpd in August, according to the survey based on shipping... read more

 
30 September 2016 in Business, Views: 46
Source: Reuters
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