#OPEC oil output has risen for a third straight month in October, a Reuters survey found on Tuesday, led by increases in Nigeria and Angola and despite ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance to support the market.
#SaudiArabia: The Council of Ministers renewed the Kingdom’s keenness to support efforts aimed at enhancing the stability and balance of oil markets, and to praise the commitment to unity, complete cohesion and market stability affirmed by the oil-producing countries “#OPEC” and outside it through the Declaration of Cooperation
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#Iraq: It’s not clear if the minister will maintain his stance at the gathering in Vienna, and one #OPEC delegate said it looked like usual pre-meeting behavior. Deputy Iraqi Oil Minister Basim Mohammed Khudair a few hours later struck a more conciliatory tone, saying Baghdad was “committed to the voluntary reduction decision within the deadline set by OPEC and its allies.”
He said the country is exporting 3.4 million barrels a day so far this month.
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He said the country is exporting 3.4 million barrels a day so far this month.
#oott