OPEC November oil output falls 110,000 bpd - survey

Author: Adam Button | Category: News

Reuters secondary sources survey

  • Lower supply from Angola, Saudi Arabia, Iraq, Nigeria
  • Production was down 140K bpd in Angola on field maintenance
  • OPEC cut compliance at 135%
  • Average production of 29.57 mbpd
  • Saudi production -50K bpd
  • Kuwait boosted production by 70k bpd
The OPEC meeting is on December 5 and at minimum, they will extend the agreement to lower OPEC+ supply by 1.2 mbpd.

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