OPEC Oil Output Slips in November

published:08/12/2025 07:09 GMT

OPEC's oil output edged lower in November, despite an OPEC+ agreement to raise production for the month, due to outages in some members, a Reuters survey found on Thursday, bringing supply from the group further below its target. The Organization of the Petroleum Exporting Countries pumped 28.40 million barrels per day last month, down 30,000 bpd from October's total, the survey showed, with Nigeria and Iraq recording the largest declines. OPEC+, comprising OPEC and allies including Russia,...More