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Platts survey: October OPEC oil output dropped to 32.26 mil. barrels per day

Posted on 10 November 2008

The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 32.26 million barrels per day (b/d) of crude oil in October, according to a Platts survey of OPEC and oil industry officials just released. This is a 210,000 b/d decline from the September level of 32.47 million b/d.

Excluding Iraq, production from the 12 members hitherto bound by output agreements fell by 220,000 b/d, to 29.96 million b/d from 30.18 million b/d, the survey showed.
When Indonesia, which will leave OPEC at year end is also excluded, the survey shows a 210,000 b/d drop in production from the so-called OPEC-11, to 29.11 million b/d in October from the previous month’s 29.32 million b/d….. Full Press Release: Source


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