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OPEC Output Edges Higher as Iran Losses Offset by Other Members

  • Group pumps an extra 30,000 barrels a day in September
  • Iran’s production drops 140,000 barrels a day before sanctions
Siberian Oil Giant That Bankrolled Soviets May Gush Cash Again
Photographer: Andrey Rudakov/Bloomberg
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OPEC production rose last month as deepening losses in Iran due to looming U.S. sanctions were countered by other members.

The group’s 15 nations pumped 32.83 million barrels a day in September, 30,000 more than the month before, according to a Bloomberg survey of officials, analysts and ship-tracking data. Even though Iranian production fell by 140,000 barrels a day to 3.36 million -- the lowest since early 2016 -- Saudi Arabia, Angola and Libya offset the losses.