said Platts in its latest monthly survey. Platts attributed the lower output decline by the 13-member cartel from August largely to production drops in Saudi Arabia, Iraq and Angola. Saudi Arabia accounted for the biggest single fall, 170,000 b/d. Iraqi volumes dropped by 110,000 b/d and Angolan volumes by 100,000 b/d. “We are seeing increasing…
MARKETS: Platts says OPEC oil output down 340,000 b/d to 32.47million b/d in September
Posted on October 15, 2008 by EnergyAsia