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OPEC: Iraq increased its oil production by 20 thousand barrels per day in October
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Economy News-Baghdad
OPEC announced that the oil production of the 13 member states of the organization decreased to 29.494 million barrels per day in October, a decrease of 210 thousand barrels per day from last September, after the decrease in the production of Saudi Arabia and 7 other countries, while the production of Iraq increased.
According to the monthly report of OPEC, “the largest decline came from Saudi Arabia, as its oil production decreased by about 149,000 barrels per day, to reach 10.838 million barrels, followed by Angola, with a decrease of 78,000 barrels per day, followed by the Congo, with a decrease of 19,000 barrels, followed by Kuwait, with a decrease of 18,000 barrels per day.” Followed by Equatorial Guinea, down 14,000 barrels per day.
And she indicated that "the increases came from Nigeria, as its oil production increased by about 33 thousand barrels per day, to reach 1.57 million barrels per day, followed by Iraq, which recorded an increase of 20 thousand barrels per day, bringing its production to 4.572 million barrels per day, followed by Gabon, with an increase of 12 thousand barrels per day." .
In its monthly report, OPEC lowered expectations for global oil demand growth by 100,000 barrels per day in both 2022 and 2023.
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Added 11/15/2022 - 9:28 AM
Updated 11/15/2022 - 2:45 PM
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Economy News-Baghdad
OPEC announced that the oil production of the 13 member states of the organization decreased to 29.494 million barrels per day in October, a decrease of 210 thousand barrels per day from last September, after the decrease in the production of Saudi Arabia and 7 other countries, while the production of Iraq increased.
According to the monthly report of OPEC, “the largest decline came from Saudi Arabia, as its oil production decreased by about 149,000 barrels per day, to reach 10.838 million barrels, followed by Angola, with a decrease of 78,000 barrels per day, followed by the Congo, with a decrease of 19,000 barrels, followed by Kuwait, with a decrease of 18,000 barrels per day.” Followed by Equatorial Guinea, down 14,000 barrels per day.
And she indicated that "the increases came from Nigeria, as its oil production increased by about 33 thousand barrels per day, to reach 1.57 million barrels per day, followed by Iraq, which recorded an increase of 20 thousand barrels per day, bringing its production to 4.572 million barrels per day, followed by Gabon, with an increase of 12 thousand barrels per day." .
In its monthly report, OPEC lowered expectations for global oil demand growth by 100,000 barrels per day in both 2022 and 2023.
60 views
Added 11/15/2022 - 9:28 AM
Updated 11/15/2022 - 2:45 PM
[You must be registered and logged in to see this link.]
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