Qatar’s oil output stands at 615 kbpd in August

Qatar’s oil output stands at 615 kbpd in August
OPEC crude oil production rose 278 kbpd

Doha – Mubasher: The Qatari oil output has stabilised at 615 thousand barrels per day (kbpd) in August, which is equal to July’s production level, according to OPEC monthly oil market report.

Last month, a group of nine OPEC members increased their oil production, including Libya, Iraq, Nigeria, and Saudi Arabia, which hiked their output by 256 kbpd, 90 kbpd, 38 kbpd, and 38 kbpd, respectively.

On the other hand, four counties saw lower output in August – Iran, Venezuela, Algeria, and Angola – whose production went down by 150 kbpd, 36 kbpd, 14 kbpd, and 8 kbpd, respectively, the report found.

OPEC crude oil production rose 278 kbpd during August to 32.56 million barrels per day (mbpd), as per secondary sources.

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Source: Mubasher

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