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OPEC’s output falls in November

OPEC’s output falls in November

Mubasher: The Organization of the Petroleum Exporting Countries’ (OPEC) production decreased by 133,500 barrels per day (bpd) to reach 32.44 million bpd in November.

 
 
OPEC attributed the decline in its production to a drop in Saudi Arabia and Angola output.
 
 
Angola’s production tumbled by 108,700 bpd, followed by Saudi Arabia with 45,400, and Venezuela with 41,600, OPEC's data showed.
 
 
On the other hand, Nigeria contributed into raising production’s ratio with the largest stake by 95,800 bpd.