ECONOMY
OPEC's oil production fell in October
Baku, November 5, AZERTAC
OPEC oil output has fallen in October from the previous month, a Reuter's survey found on Friday, as declines in top producers Saudi Arabia and Iraq outweighed higher supply from African members. But the Organization of the Petroleum Exporting Countries is still pumping close to a record high as major producers focus on defending market share.
OPEC supply has fallen in October to 31.64 million barrels per day (bpd) from a revised 31.76 million in September, according to the survey, based on shipping data and information from sources at oil companies, OPEC and consultants.
Even so, OPEC has boosted production by almost 1.5 million bpd since the November 2014 switch to defending market share.
FEEDBACK
Other news in this section
- 29.08.2023 [10:41]
Oil prices fall in world markets
- 29.08.2023 [10:34]
Azerbaijani oil price sells for $88.56
- 28.08.2023 [16:41]
Shah Deniz celebrates 200 billion cubic metres of total gas production
- 28.08.2023 [10:49]
Oil prices rise in world markets
- 26.08.2023 [10:53]
Azerbaijani oil price exceeds $88
- 26.08.2023 [10:36]
Oil prices rise in world markets
- 25.08.2023 [11:00]
Azerbaijani oil price drops in world markets
- 25.08.2023 [10:21]
Oil prices rise in world markets
- 24.08.2023 [10:57]
Oil prices fall in world markets
Azeri Light crude dips to $88
- [10:42]
President Ilham Aliyev embarked on working visit to Germany VIDEO
- 25.04.2024 [23:30]
China launches 3 astronauts to Tiangong space station on Shenzhou 18 mission
- 25.04.2024 [20:46]
Five short films to be shot about Wetlands on Northern Black Sea Coast
- 25.04.2024 [20:40]
Milli Majlis of Azerbaijan responds to the European Parliament’s resolution
- 25.04.2024 [20:04]
® Age of innovations kicks off with Bakcell!
- 25.04.2024 [19:20]
LG Electronics’ operating profit falls 10.8 pct in Q1
- 25.04.2024 [18:47]
Euronews TV channel airs reportage on Azerbaijan’s Port of Baku
- 25.04.2024 [18:33]
Azerbaijani taekwondo fighters to compete in Presidents Cup Europe G2
- 25.04.2024 [17:55]
155 dead, 236 injured as torrential rains hit Tanzania
- 25.04.2024 [17:41]
Azerbaijan, Kyrgyzstan sign Memorandum of Understanding
- 25.04.2024 [17:15]
Philippines grapples with measles, pertussis outbreaks: UNICEF
- 25.04.2024 [17:02]
China welcomes progress made in Azerbaijan-Armenia normalization process
- 25.04.2024 [17:01]
Presidents of Azerbaijan and Kyrgyzstan had joint dinner VIDEO
- 25.04.2024 [16:42]
Azerbaijani gymnast into final of 2024 Men’s Artistic Europeans
- 25.04.2024 [16:36]
More than 100 inmates escape after rain damages Nigerian prison
- 25.04.2024 [16:15]
Human remains found in Khojaly district VIDEO
- 25.04.2024 [16:10]
Presidents of Azerbaijan and Kyrgyzstan visited the city of Aghdam VIDEO
- 25.04.2024 [16:01]
US secretary of state lands in China on crucial visit
- 25.04.2024 [15:50]
Azerbaijan showcases its tourism potential in Jordan
- 25.04.2024 [15:47]
Tesla could start selling Optimus robots by the end of next year, Musk says
- 25.04.2024 [15:09]