In October 2013 oil production in OPEC member-states decreased by more than 100,000 barrels a day, according to IEA

In October 2013 daily oil production in the OPEC member-states decreased by more than 100,000 barrels – to 29.9 million barrels a day. October the third month in a row with the declining index, reported Dow Jones Newswires referring to the November report of the International Energy Agency (IEA).

The index has decreased, because of reduction of the oil production in Saudi Arabia. Iraq, Libya and Nigeria also had poor indexes. Last month Libya produced 450,000 barrels a day  against 1 million barrels in July.

According to the IEA, oil export from Iran decreased by 45% in October to the minimum level since January 2012.

In October the world daily oil export increased by 600,000 barrels, owing to growth of production in the non-OPEC member-states.—0--

 

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