The return of Libya’s oil production to full capacity raised the total OPEC output by 466,000 barrels per day (bpd) in October from September, the cartel’s monthly report showed on Tuesday, less than two months ahead of a planned reversal of part of the cuts. Total crude oil production in all 12 OPEC members averaged 26.
53 million bpd in October 2024, up by 466,000 bpd compared to September, according to secondary sources in OPEC’s Monthly Oil Market Report published today. Crude oil output increased mainly in Libya, Nigeria and…OPEC Oil Production Jumps by 470,000 Bpd as Libyan Output Returns
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