In October the Organization of Petroleum Exporting Countries (OPEC) decreased the extraction of “black gold” by 256 ths barrel per day – to 31.38 mln barrel per day, as it is said in its November report of the organization quoting the data of secondary sources, Prime reports.
In October the decrease in extraction was mainly observed in Iraq, Saudi Arabia and Kuwait, while the extraction in Lebanon demonstrated growth.
Therefore, in spite of decrease, in October OPEC exceeded its set quota for extraction of 30 million barrel per day. In the meantime the organization notes that if Iraq data were not taken into consideration, the OPEC extraction made up 27.37 mln barrel per day in the previous month (decrease by 61 ths barrels).
According to the preliminary data, in October the world total volume of oil extraction decreased by 0.09 mln barrel per day – to 94.13 mln barrel per day. The OPEC share in global extraction made up 33.3% in the last month vs. 33.5% in the previous month.
