22 October 2013
Opec crude output at two-year low as global production falls
Steep falls in output from Libya and Iraq led to Opec output falling below 30m b/d
Global oil production fell by 625,000 barrels a day (b/d) in September, to 91.1 million b/d, driven by Opec output losses. Opec crude production fell below 30m b/d for the first time in almost two years because of steep falls in output from Libya and Iraq, the International Energy Agency (IEA) said. Opec supply fell by 645,000 b/d, to 29.99m b/d, the lowest level since October 2011. This is despite Saudi Arabian production topping 10 million b/d for the third consecutive month. Iraq’s output fell by 400,000 b/d, to an 18-month low of 2.82m b/d, because of planned upgrading work at its southern ports. Libya’s production averaged just 300,000 b/d because of ongoing labour disputes, tribal vio
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
