OPEC Raised Exports in October on Higher Global Demand for Oil
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OPEC members led by Saudi Arabia increased exports of crude oil in October from a month earlier to meet higher global demand, according to the data the governments submitted to the Joint Organization Data Initiative.
Kuwait, the group’s fourth-largest producer, increased exports to 2.14 million barrels a day in October, the data showed. This is the highest monthly figure since at least January 2002 when the country started submitting data to the initiative known as JODI.