Opec+ production shortfall widened in October

Opec+ production shortfall widened in October

London, 9 November (Argus) — The Opec+ coalition added 230,000 b/d to collective crude output last month, meaning its production shortfall widened to 690,000 b/d at a time when consuming countries were appealing for more crude.

Opec nations in particular struggled to bring back supplies, with falls in production from west Africa highlighting volatility in that region's output.

Opec+ leaders Saudi Arabia and Russia deployed their significant capacity to raise production by 100,000 b/d each.