Oil prices fell to the lowest level since august – Aftenposten

Background are numbers from oljekartellet OPEC, which increased the production of 240.000 barrels per. day in October.

the Price of nordsjøolje fell on Friday, the entire 3.3 per cent to 44,3 per barrel, around 1.6 to the dollar, lower than a day earlier. The price is thus the lowest since august.

The 14 countries in OPEC produced a total 33,64 million barrels of oil a day in October, an increase of 240.000 barrels compared with the previous month. The numbers are in line with a report from The international energy agency IEA, who on Thursday stated that the OPEC countries are pumping up the oil in record amounts.

the oil price has fallen continuously from a level of 52 dollars a month page.

OPEC sent prices up from the historic bunnivåer after the cartel earlier in the year announced that they would work to decrease production to increase prices.

But an agreement produksjonstak allowed to wait on themselves, and it is associated with considerable excitement to the next OPEC meeting in Vienna 30. november.

OPEC has said that they would also try to get non-members on a cut in production. It can be difficult.

While OPEC countries themselves pumped significantly more oil than they had predicted, expected production from non-OPEC members like Russia, Brazil, Canada and Kazakhstan also to increase sharply.