Global oil production up 1.45% in October

According to Anadolu News, November 16, according to the oil market report released by the International Energy Agency (IEA) on Tuesday, global oil production in October increased by 1.
45% month-on-month to 97.
67 million barrels per day
due to increased US production.

The U.
S.
recovered from the effects of Hurricane Ida in October, boosting global oil production by 1.
4 million bpd month-on-month, pushing global oil production to 97.
7 million bpd in October, with the U.
S.
accounting for half
of that month, the IEA said.

OPEC's crude oil production rose to 27.
42 million bpd in October, about 240,000 bpd
from the previous month.

During that period, in addition to crude oil, OPEC's unconventional oil production was 5.
31 million bpd, bringing OPEC's total oil production last month to 32.
73 million bpd
.

Compared with the previous month, daily oil production in non-OPEC countries increased by about 1.
17 million bpd to 64.
94 million bpd
.

According to the report, global oil supply is expected to increase by 6.
4 million bpd to 99.
22 million bpd by the end of the year compared to 2020
.

Global oil supply is expected to increase by 1.
5 million b/d between October and December, with the IEA estimating that the US alone will add 400,000 b/d
.