OPEC Output Rebounds on Saudi Arabia’s Recovery From Attacks - Bloomberg:
OPEC’s oil production rebounded in October from an eight-year low as Saudi Arabia swiftly recovered from an attack on its biggest crude-processing plant.
The Organization of Petroleum Exporting Countries’ 14 members pumped an average of 29.7 million barrels of oil a day last month, an increase of 1.11 million barrels a day from September, according to a Bloomberg survey of officials, ship-tracking data and estimates from consultants including Rystad Energy AS, JBC Energy GmbH and Petro-logistics.
OPEC’s production increase last month was mainly driven by Saudi Arabia’s 1.23 million-barrel a day recovery in output to 9.88 million barrels a day. There were smaller increases from Algeria, Libya and Venezuela.
No comments:
Post a Comment