Open Demo Account
Home / Market Update / Commodities / Reuters survey: OPEC oil production rose for the third month

Reuters survey: OPEC oil production rose for the third month

Adel 31 October, 2023 5:47 pm Commodities, Forex Market, Market Update

OPEC oil production rose for the third straight month in October, supported by production increases in Nigeria and Angola despite ongoing cuts from Saudi Arabia and other members of the broader OPEC+ alliance aimed at supporting the market, a Reuters survey showed on Tuesday.

The survey showed that OPEC pumped 27.90 million barrels per day, an increase of 180,000 barrels per day from September. Production rose in August for the first time since February.

Tags

Check Also

Sterling Rebounds Following Softer US PCE Data

The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US …

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