OPEC oil production steady with African members making modest gains
OPEC members pumped an average of 28.08 MMbpd in October — about 50,000 bpd more than the previous month, according to a Bloomberg survey.
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OPEC members pumped an average of 28.08 MMbpd in October — about 50,000 bpd more than the previous month, according to a Bloomberg survey.
The kingdom’s output fell by 170,000 bpd, exactly countering a combined increase from Iran and Nigeria, according to a Bloomberg survey. The Organization of Petroleum Exporting Countries collectively pumped 27.82 MMbpd in August, or 40,000 more than the previous month.
The kingdom’s output fell by 170,000 bpd, exactly countering a combined increase from Iran and Nigeria, according to a Bloomberg survey. The Organization of Petroleum Exporting Countries collectively pumped 27.82 MMbpd in August, or 40,000 more than the previous month.
For world oil markets, a pact is already taking effect.
(Bloomberg) -- While Iran and the US make wary diplomatic overtures, a return to their lapsed nuclear agreement remains a distant prospect. But for world oil markets, a pact is already taking effect.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapModi and Xi Speak at BRICS Summi