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A new Reuters survey found that OPEC’s output dropped in
October due to production disruptions in Iraq as well as increased
compliance to established quotas by the rest of the bloc’s
countries. Total production fell by 80,000 barrels per day this
month as compliance rose to 92 percent – up four points from
September. Saudi Arabia continued its trend to pump below target,
and Venezuelan output fell further as the nation’s economy spirals
into a depression. Brent barrels rose to over $60 a barrel, which
is the price that Saudi…
October due to production disruptions in Iraq as well as increased
compliance to established quotas by the rest of the bloc’s
countries. Total production fell by 80,000 barrels per day this
month as compliance rose to 92 percent – up four points from
September. Saudi Arabia continued its trend to pump below target,
and Venezuelan output fell further as the nation’s economy spirals
into a depression. Brent barrels rose to over $60 a barrel, which
is the price that Saudi…
A new Reuters survey found that OPEC’s output dropped in
October due to production disruptions in Iraq as well as increased
compliance to established quotas by the rest of the bloc’s
countries. Total production fell by 80,000 barrels per day this
month as compliance rose to 92 percent – up four points from
September. Saudi Arabia continued its trend to pump below target,
and Venezuelan output fell further as the nation’s economy spirals
into a depression. Brent barrels rose to over $60 a barrel, which
is the price that Saudi…
October due to production disruptions in Iraq as well as increased
compliance to established quotas by the rest of the bloc’s
countries. Total production fell by 80,000 barrels per day this
month as compliance rose to 92 percent – up four points from
September. Saudi Arabia continued its trend to pump below target,
and Venezuelan output fell further as the nation’s economy spirals
into a depression. Brent barrels rose to over $60 a barrel, which
is the price that Saudi…