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OPEC crude output falls 370,000 b/d to 29.91 mil b/d in September: Platts survey

Posted on 10 October 2013

OPEC crude output fell below 30 million b/d for the first time in more than two years in September as maintenance work at Iraq’s southern facilities slashed the country’s exports and Libyan production was further reduced by ongoing strikes and protests, a Platts survey of OPEC and oil industry officials and analysts showed Wednesday.
The oil producer group’s 12 members pumped an average 29.91 million b/d in September, down 370,000 from estimated output of 30.28 million b/d in August, the survey found. OPEC output was last below 30 million b/d in mid-2011, when the Platts survey estimated June volumes at 29.57 million b/d………………………………………..Full Article: Source


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