Opec supply down in September

Oil supplies from the Organization of Petroleum Exporting Countries (Opec) fell 400,000 barrels a day on the month to 30.2 million bpd in September, according to preliminary figures from tanker tracker Petrologistics.
Saudi Arabia and Iran led the fall in output. Petrologistics head Conrad Gerber said the kingdom produced 9.05 million bpd in September compared with 9.27 million bpd in August.
Saudi Oil Minister Ali Al Nuaimi said in June that Opec’s biggest producer had reined in output to 9.1 million b/d in April from 9.5 million bpd on lower demand.
“Saudi Arabia could be producing more, but some of it could be going into storage,” Gerber said.
Bahrain Tribune