Opec raised production in September
- Middle East: Thursday, November 01 - 2012 at 01:39
Oil output by Opec has risen slightly in October as additional supplies from Iraq, Angola and Libya offset a further decline in Iran to its lowest in two decades and disruptions in Nigeria, Reuters has reported. Supply from the 12-member organisation has averaged 31.15 million barrels per day (bpd), up from 31.09 million bpd in September, according to a survey by the news service. September's Opec total was the lowest since January 2012, when the group pumped 30.95 million bpd. However, production remains just over one million bpd more than Opec's output target of 30 million bpd.
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