OPEC oil production at lowest since 2011


(MENAFN) Oil output of OPEC shrank to 30 million barrels per day for the first time since 2011 in October, according to Arab News. OPEC's supply has averaged 29.90 million barrels per day last month compared to 30.01 million barrels per day in September. African producers and sanctions on Iran were the reason behind the fall in OPEC production.


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