Saudi, Kuwait keep Oct crude output steady
Gulf OPEC members Saudi Arabia and Kuwait have kept their oil production steady in October compared to the month before
Gulf OPEC members Saudi Arabia and Kuwait have kept their oil production steady in October compared to the month before, according to official numbers submitted to OPEC, industry sources familiar with the matter said.
Saudi Arabia's crude oil production in October slipped to 10.62 million barrels per day, compared to 10.65 million bpd in September.
Kuwait oil output in October rose to 3 million bpd from 2.97 million bpd in September.
The Organization of the Petroleum Exporting Countries on Sept. 28 agreed to reduce output to a range of 32.50 million to 33.0 million bpd in what would be its first output cut since the 2008 financial crisis.
OPEC is seeking support from major non-OPEC producers to limit supplies and help to balance the market when OPEC ministers meet next on Nov. 30 in Vienna.
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