Unlimited Undo for the production of "OPEC" oil
Agencies - A survey told "Reuters" released yesterday that the production of "OPEC" of oil came down in October from the previous month as lower production dominated Saudi Arabia and Iraq on the increase in the supply of African Member States of the Organization.
And it landed "OPEC" supplies in October to 31.64 million bpd from 31.76 million bpd in September, according to a revised reading of the survey which was based on shipment data and information from sources in the oil companies and «OPEC» and advisers.
The volume of production of Saudi Arabia 10.1 million barrels a day to remain close to the highest level of 10.56 million barrels per day of production which Dchth in June.
And the ports of Iraq's exports rose in the south, most of the major periods since October hit a record high of 3.1 million barrels per day in the first 27 days of the month, but then slowed down due to bad weather, which led to some delays in shipments according to shipping data.
According to the report, told "AFP", resulting in the price of oil fell to a deterioration of the results of major oil companies in the third quarter became apply the same recipe for shock absorption, reduce costs and investments while maintaining profits at any cost in "Total" French giant saw its net profit fall by 69 percent to $ 1.08 billion between July-September, due to the deterioration of the value of the assets, although the adjusted net income, which excludes volatile and exceptional material is better off
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