Non-Opec oil output surges along with global production
Oil production reached 91.8 million b/d, according to figures by the International Energy Agency
Global oil production increased by 600,000 barrels a day (b/d) in October, reaching 91.8 million b/d, the International Energy Agency (IEA) said, because of record-high non-Opec output. Total oil production in October was 640,000 b/d higher year-on-year, because of a 1.84m b/d surge in non-Opec liquids production and increased supplies of natural gas liquids (NGL) output from Opec. In October, non-Opec oil production increased by 740,000 b/d month-on-month, reaching 55.53m b/d, the IEA said. This is 1.77m b/d higher than year-earlier levels. The IEA expects total non-Opec oil-supply to increase by 1.3m b/d in 2013 and 1.8m b/d in 2014. The output increases were driven by strong production ga
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