OPEC Production Ups on Libyan Recovery

published:01/12/2020 06:11 GMT

OPEC oil output rose for a fifth month in November, a Reuters survey found, as increased Libyan production offset full adherence by other producers to cuts agreed in an OPEC-led supply deal. The 13-member Organization of the Petroleum Exporting Countries has pumped 25.31 million barrels per day (bpd) in November, the survey found, up 750,000 bpd from October and a further increase from the three-decade low reached in June. OPEC, Russia and their allies, a group known as OPEC+, are gathering...More