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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC production holding steady

Posted on 06 November 2013

Some members of the OPEC cartel saw their production levels decline but overall production has been relatively static, a brief from CPI Financial said. CPI reported Tuesday Kuwait and the United Arab Emirates saw crude oil production levels decline in October by 150,000 barrels of oil per day and 100,000 barrels of oil per day, respectively.
The report said total oil output for members of the Organization of Petroleum Exporting Countries was static in October at 30.6 million bpd. CPI said Saudi Arabia’s output was level at 10 million bpd while Iraq erased a September decline with an October production increase of 280,000 bpd………………………………………..Full Article: Source


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