¬†OPEC oil output rose in September to its highest since 2020, surpassing a pledged hike for the month, after production in Libya recovered from disruption and Gulf members boosted output under a deal with allies, a Reuters survey found on Friday. The Organization of the Petroleum Exporting Countries (OPEC) has pumped 29.81 million barrels per day (bpd) this month, the survey found, up 210,000 bpd from August and the highest since April 2020. OPEC and its allies, a grouping known as OPEC+, has been boosting output for months to unwind cuts made in 2020. But with oil prices weakening amid concern of recession, the bias shifted to cuts for October and OPEC+ looks set to tighten supply further at a meeting on Wednesday. read more […]