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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Led by Iraq and Iran, OPEC+ production rises by 180,000 barrels per day in October

    Rocky
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    • Post n°1

    Led by Iraq and Iran, OPEC+ production rises by 180,000 barrels per day in October Empty Led by Iraq and Iran, OPEC+ production rises by 180,000 barrels per day in October

    Post by Rocky Sat 11 Nov 2023, 4:07 am

    [size=35][size=35]Led by Iraq and Iran, OPEC+ production rises by 180,000 barrels per day in October[/size]
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    Economy

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    2023-11-11 | 03:59
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    Alsumaria News - Economy

    OPEC+ oil production rose by about 180,000 barrels per day during last October, supported by increased production in Iraq, which recorded its highest level in 9 months, and Iran, which reached its highest level in 5 years.


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    A survey revealed that production increased by[You must be registered and logged in to see this link.]countries and their allies abroad reduced the[You must be registered and logged in to see this link.]+ quota deficit of 827 thousand barrels per day. What added to supply pressures was the deteriorating market sentiment, according to the energy platform.

    The 13[You must be registered and logged in to see this link.]Members pumped about 27.89 million barrels per day, an increase of 130,000 barrels per day on a monthly basis, while 10 non--[You must be registered and logged in to see this link.]Allies, including Mexico, which is not subject to a quota, boosted production from 50,000 barrels per day to 14.82 million barrels per day. As reported by S&P Global Platts.



    The survey found that OPEC+ production increases narrowed the alliance’s quota deficit in October; Including voluntary reductions implemented by the group; Many African members are still struggling to achieve their goals, despite non-compliance[You must be registered and logged in to see this link.].

    The group of producers has cut its quotas strongly since July in an attempt to support oil prices, but even as the war escalates in...[You must be registered and logged in to see this link.]The market has declined in recent weeks due to tepid economic indicators, especially from China, and growing non-OPEC supplies.

    Brent crude oil price was valued at $82.70 per barrel on November 9; More than $15 per barrel below the 2023 peak in late September, market expectations will be in increasing focus as the alliance prepares to meet in Vienna on November 26; To discuss production policy for 2024.

    Saudi production and[You must be registered and logged in to see this link.]
    The survey found that the largest producers in OPEC+, Saudi Arabia and[You must be registered and logged in to see this link.], saw their production mostly stable; Saudi Arabia's oil production, subject to voluntary cuts of 1.5 million barrels per day since July, averaged 9 million barrels per day in October, with the kingdom continuing to maintain production at its lowest levels in two years.

    And I witnessed[You must be registered and logged in to see this link.], which said it would implement an export cut of 300,000 barrels per day for October, including refined products, saw production rise slightly to 9.47 million barrels per day, according to the survey.

    Saudi production discipline was undermined[You must be registered and logged in to see this link.]To some extent because[You must be registered and logged in to see this link.], which saw a rise of 90 thousand barrels per day on a monthly basis to 4.40 million barrels per day, with companies in the semi-autonomous Kurdistan region announcing higher production, despite the continued halt of pipeline exports to the Turkish port of Ceyhan.

    Oil Production
    The Baghdad government claimed that there was little oversight of Kurdish production and had previously complained about these quantities; What makes it difficult to[You must be registered and logged in to see this link.]Commitment to its OPEC+ production quotas of 4.22 million barrels per day for October.

    And it counts[You must be registered and logged in to see this link.], whose production reached its highest level in 9 months, was the largest violator of coalition quotas during October; It added 180,000 barrels in excess of the level specified in accordance with the pledges of the OPEC+ agreement, reaching 4.4 million barrels per day.

    And it increased[You must be registered and logged in to see this link.]، التي حصلت على إعفاء من الحصص بسبب العقوبات الأميركية، إنتاجها إلى 3.05 مليون برميل يوميًا؛ إذ تم حل مشكلات خطوط الأنابيب التي أثرت في الإنتاج والصادرات خلال سبتمبر/أيلول.

    ويبلغ إنتاج النفط الإيراني، حاليًا، أعلى مستوى له منذ 5 سنوات، ويتزايد بشكل ملحوظ منذ تخفيف ضغوط العقوبات بعد الغزو الروسي لأوكرانيا، إلا أن محللين يقولون إن المزيد من التصعيد في حرب [You must be registered and logged in to see this link.] قد يؤدي إلى تجديد فرض العقوبات، إذا تبين أن طهران متواطئة.

    إنتاج أنغولا من النفط
    نما الإنتاج الأنغولي بمقدار 30 ألف برميل يوميًا خلال أكتوبر/تشرين الأول ليصل إلى 1.15 مليون برميل يوميًا، مع ارتفاع الصادرات واستئناف مصفاة لواندا عملياتها الطبيعية في أوائل الشهر الماضي.

    وتتعرض أنغولا، إلى جانب المنتجين الأفارقة الآخرين، لضغوط لإظهار إنتاج أعلى قبل إعادة تقييم الحصص في اجتماع أوبك+ المقبل.

    The group's voluntary cuts by [url=https://www.alsumaria.tv/Entity/47950/%D8%A7%D9%84%D9%85%D9%85%D9%84%D9%83%D8%A9 %D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9 %D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9/ar/]Saudi Arabia[/url] and Russia, which were recently extended until the end of 2023, are also set to be reviewed; Officials say it could be increased or decreased depending on market conditions.

    [You must be registered and logged in to see this link.]+ continues to produce well below quotas, with a compliance rate of 112% in October, down from 114% in September, according to a Global Platts survey.

    The non --[You must be registered and logged in to see this link.] countries participating in the cuts produced 410,000 barrels per day below their combined quotas in October, while the production of [You must be registered and logged in to see this link.] countries that have quotas reached 417,000 barrels per day below the prescribed quotas.
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