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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.

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