According to an analysis by Reuters published on Monday, oil production among the Organization of the Petroleum Exporting Countries (OPEC) will likely reach another record high for the month of October. Based on shipping data and information from industry sources, the Reuters survey believes that output for October has jumped to 33.82 million barrels per day (bpd) from a revised 33.69 million bpd in September. This would represent some 820,000 bpd above the top end of a target output range that OPEC representatives agreed to adopt at a meeting on 28 September. The boost in output was primarily led by three states attempting to bounce back from armed conflict and militant violence: Nigeria, Libya and Iraq. Increased exports from Iraq’s northern and southern ports helped its supply spike from 4.52 million bpd in September to 4.58 million bpd the next month.

Source: Libya Today October 31, 2016 23:47 UTC