FINANCIAL NEWS

Opec oil output increases in Nov, led by Iraq, Saudi

01 Dec 2015

(MENAFN) Opec oil output grew in Nov compared with the previous month, led by a rebound in Iraqi exports.

Moreover; Opec supply increased in Nov to 31.77mn containers per day, from 31.64mn in Oct.

Additionally, the main monthly increase in output came from Iraq, the world’s fastest increasing source of supply growth this year.

Furthermore, a rise also came from Saudi Arabia, as the kingdom sent more simple abroad and used more in factories.

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