Despite its efforts, OPEC failed to curb
oil production in September. Output by members of the Organization of the
Petroleum Exporting Countries rose by 0.27%, to 32.75 million barrels a day in
September, compared with August, The Wall Street Journal reports. A production
surge from Libya and Nigeria, two countries exempt from OPEC's plan to curb
output and boost prices, is partly to blame. Earlier this week, Saudi Arabia
said it would export less oil by sea in November. More…
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