Output in Iraq, OPEC’s second-largest producer, fell by 155,000 bpd to 4.112 million bpd, per OPEC’s secondary sources in the report. However, that’s still more than 100,000 bpd higher compared to Iraq’s pledge to keep output capped at around 4 million bpd. In September, the Kingdom’s crude oil production averaged 8.971 million bpd, down by 23,000 bpd from August. Among the non-OPEC producers part of the OPEC+ agreement, crude oil production averaged 14.06 million bpd in September, up by 47,000 bpd compared to August. Kazakhstan’s production rose by 75,000 bpd to 1.545 million bpd in September, per the secondary sources.

Source: Libya Today October 14, 2024 14:39 UTC