OPEC oil data – Oct 2017

Published at 13:59 14 Nov 2017 by

We estimate that OPEC production fell m/m by 0.14 mb/d to 32.58 mb/d in October, lower y/y by 0.43 mb/d due to the high base in Q4 16. This raised compliance with the OPEC/non-OPEC production deal to 118%, the highest level since May.Iraq led the declines, with output lower m/m by 0.11 mb/d at 4.36 …

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