OPEC+ October production rises 180,000 b/d, led by Iraq and Iran: Platts survey

摘要

OPEC+ crude oil output grew 180,000 b/d in October, the latest Platts survey by SP Global Commodity Insights found, adding supply pressures to flagging market sentiment, as Iran and Iraq led the group’s production higher. OPEC’s 13 members pumped 27.89 million b/d, up 130,000 month on month, while 10 non-OPEC allies, including Mexico, which is not subject to a quota, boosted production by 50,000 b/d to 14.82 million b/d. The increases narrowed the OPEC+ alliance’s quota shortfall to 827,000 b/d in October, including voluntary cuts implemented by the group, the survey found, with many African members still struggling to hit their targets, despite growing non-compliance by Iraq.