Opec oil production fell to 31.15m bpd in September: Platts
- Middle East: Sunday, October 14 - 2012 at 02:31
According to a survey by Platts, crude oil output from Opec fell by 390,000 barrels per day (b/d) to 31.15 million b/d in September, with Saudi Arabia and Nigeria accounting for the bulk of the month-on-month drop. Saudi Arabia pumped an average 9.85 million b/d in September, 150,000 b/d lower than August's 10 million b/d, a level it had maintained since May. "The continued ability for Saudi Arabia to continue producing 10-million b/d has been called into question by some sceptics; the decline to less than 10 million b/d, small as it is, will be viewed as significant," said John Kingston, Platts global director of news. "Still, Opec output is above various estimates of what Opec needs to maintain to keep inventories balanced," he said.
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