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.
