OPEC oil output rises more on Libya restart, Iraq-Reuters survey

* Output rise led by Libya, Iraq
* OPEC members bound by deal post 101% compliance, steady vs
Sept
* UAE pumps below quota in Oct to compensate for earlier
boost
* Production by country: By Alex Lawler
LONDON, Oct 30 (Reuters) - OPEC oil output has risen for a
fourth month in October, a Reuters survey found, as a restart of
more Libyan installations and higher Iraqi exports offset full
adherence by other members to an OPEC-led supply cut deal.
The 13-member Organization of the Petroleum Exporting
Countries has pumped 24.59 million barrels per day (bpd) on
average in October, the survey found, up 210,000 bpd from
September and a further boost from the three-decade low reached
in June.
An increase in OPEC supply and a new hit to demand as
coronavirus cases rise have weighed on oil prices, which have
fallen 8% in October to near $37 a barrel. This puts pressure on
OPEC and allies, known as OPEC+, to postpone a planned January
2021 supply boost, some analysts say.
"Oil demand is currently not supportive," said Stephen
Brennock of broker PVM. "At the bare minimum, OPEC+ will have to
roll over its current production levels until the end of March."
Libya is one of the OPEC members exempted from a deal by
OPEC+ to curb supply.
OPEC+ made a record cut of 9.7 million bpd, or 10% of global
output, from May as the pandemic destroyed demand. Since August,
the group has been pumping more as the cut tapered down to 7.7
million bpd, of which OPEC's share is 4.868 million bpd.
Another 2 million bpd increase is scheduled in January,
although Saudi Arabia and Russia are in favour of continuing
with the current cuts, OPEC sources said. In October, OPEC countries bound by the deal have delivered
101% of the pledged reduction, the survey found, steady from
September.

LIBYA, IRAQ
October's increase means OPEC is pumping about 2.2 million
bpd more than June's figure, which was the lowest since 1991.
PRODN-TOTAL
Libyan production is rising after Eastern Libyan commander
Khalifa Haftar said on Sept. 18 his forces would lift their
eight-month blockade of oil exports.
The survey found output increased by 250,000 bpd in October,
a faster rebound than some analysts and OPEC officials
expected.
The second-largest increase came from Iraq, which lifted
exports from its southern terminals. Compliance was still almost
100%, higher than Iraq managed in earlier OPEC+ deals.
Top exporter Saudi Arabia kept output steady, as did Kuwait,
the survey found.
There was little change in supply from Iran, which is also
exempt from the OPEC cut, after an increase in September in
defiance of U.S. sanctions. Exports have been slightly lower in
October, the survey found.
Among the OPEC members lowering output, the biggest
reduction came from the United Arab Emirates, which had pumped
above its quota in August. Industry sources said the reduction
suggests the UAE is still compensating for its August increase.
Venezuela, the third OPEC member exempt from the supply cut,
also posted a decline.
The Reuters survey aims to track supply to the market and is
based on shipping data provided by external sources, Refinitiv
Eikon flows data, information from tanker-trackers such as
Petro-Logistics and Kpler, and information provided by sources
at oil companies, OPEC and consultants.