OPEC Inches Nearer To Peak Oil Output -MEES

(Dow Jones)–OPEC’s 10 active members produced 27.79 mln b/d in Oct, up just
40,000 b/d from Sep, down 275,000 b/d from Aug, likely showing group near
production capacity, Middle East Economic Survey says in report. Iraq output
separately at seven-month high of 2.4 mln b/d. OPEC, which raised official
output target starting Nov to 27 mln b/d from 26 mln b/d, due to meet in Cairo