OPEC Output Rises by 920,000 bpd in September

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OPEC Output Rises by 920,000 bpd in September

VIENNA — OPEC's crude oil production rose by about 920,000 barrels per day to around 25.1 million bpd in September, according to the group's Monthly Oil Market Report. Saudi Arabia added 744,000 bpd to reach about 8 million bpd, while Iraq rose by 386,000 bpd. Output fell in Kuwait, Iran and Libya. Based on secondary sources, OPEC estimated that Nigeria's production fell by 13,000 bpd to about 1.6 million bpd. The figure contrasts with data from the Nigerian Upstream Petroleum Regulatory Commission, which put Nigeria's crude and condensate output at 1.72 million bpd in September, a 2.34 per cent increase. OPEC forecasts global oil demand growth of 180,000 bpd in 2026.

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