Oil production in the OPEC plus alliance increased by 70,000 barrels per day in October compared to the previous month and reached 36.51 million barrels per day, the International Energy Agency (IEA) said in the latest report.
According to IEA data, 19 member countries produced 36.51 million barrels per day in October. In September, their production amounted to 36.44 million barrels, so during the month it increased by 70,000 barrels per day.
The target level of production, within the quotas, is 36.92 million, so the difference between the quota and real production was 0.41 million barrels per day.
