OPEC Output Steady Last Month After Group Pledged Symbolic Cut
- Production increased by 30,000 b/d to 29.98 million b/d
- Cartel plans to make deeper supply reduction this month
This article is for subscribers only.
OPEC’s crude production held steady last month after the group pledged a symbolic cutback to stabilize market sentiment.
The Organization of Petroleum Exporting Countries increased daily output by 30,000 barrels to 29.98 million barrels in October, according to a Bloomberg survey.