-Saudi Arabian output off 300,000 b/d in month, to 9.8 million barrels a day -Unrest in Libya cuts output by one million barrels a day compared with a year earlier -OPEC October output 29.7 million barrels a day, EIA estimates Crude-oil output from OPEC dropped 100,000 barrels a day in October from September as a slight gain in still-reduced flows in Libya partly offset a 300,000-barrel-a-day drop in output from Saudi Arabia, a U.S. government report released Thursday estimated. Production from the Organization of the Petroleum Exporting Countries averaged 29.7 million barrel a day in October, down 1 million barrels a day from a year earlier due to labor unrest that has disrupted normal Libyan oil flows, the Energy Information Administration said. The EIA, the analytical and statistical wings of the Energy Department, said output from Saudi Arabia, the world’s biggest oil exporter, averaged 9.8 […]