Open Demo Account
Home / Market Update / Commodities / Reuters survey: OPEC oil production rose for the second month with support from Nigeria and Iran

Reuters survey: OPEC oil production rose for the second month with support from Nigeria and Iran

Adel 2 October, 2023 4:03 pm Commodities, Market Update

A Reuters survey showed on Monday that the Organization of the Petroleum Exporting Countries (OPEC) oil production rose for the second month in a row in September, supported by higher production from Nigeria and Iran, despite Saudi Arabia and other members of the broader OPEC+ alliance continuing to cut production to support the market.

The survey showed that OPEC pumped 27.73 million barrels per day last month, an increase of 120,000 barrels per day compared to August. Production rose in August for the first time since February.

Tags

Check Also

European Stocks Hold Steady as Key Events Unfold Globally

European markets traded in a narrow range on Monday, reflecting investor caution at the start …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends