Production ticks up 88.5 MBOPD
OPEC released its Monthly Oil Market Report, outlining the state of the oil trade and the effects of the group’s output cuts. The group’s overall production increased by 88.5 MBOPD in September, but this was primarily due to just a few countries.

Libya and Nigeria, the only countries still exempt from the production cut agreement, have been taking advantage of this opportunity by increasing production as quickly as they can. These countries found success in this endeavor in September, with Libyan and Nigerian ...

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