OPEC Output Drops in October as Kurdistan Tensions Weigh on Iraq
- Iraq production fell 120,000 barrels a day in October: survey
- OPEC’s second-biggest producer is now compliant with deal
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Tensions in Iraq between the semi-autonomous northern region of Kurdistan and the central government in Baghdad weighed on OPEC’s production last month.
The Organization of Petroleum Exporting Countries pumped 180,000 barrels a day less in October than September, with overall output dipping to 32.59 million barrels a day, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data.