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100 Million Barrels: The World Hit a Daily Oil and Liquids Record

  • 3Q production rises to 100.3 million barrels a day, IEA says
  • OPEC, Americas and biofuels lead increases in global output
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IEA Cuts Oil Demand Forecast as Prices Remain High

The world is pumping out more oil and other petroleum liquids than ever before.

Global supply rose to 100.3 million barrels a day in the third quarter, the International Energy Agency said Friday in its monthly oil market report. Output, which includes crude oil, natural gas liquids, biofuels and refinery processing gains, was 2.3 million barrels above the same period last year and 1.3 million barrels a day higher than the second quarter.