OPEC's oil output reached its lowest since 2.5 years


(MENAFN) Oil output of OPEC saw a slight drop in November to below 30 million barrels per day for a second month, according to Arab News. Supply average from the Organization of the Petroleum Exporting Countries has reached 29.64 million barrels per day (bpd) compared to 29.70 million barrels per day in October. Oil output from Libya and Nigeria affected OPEC's output in the current year, offsetting extra US shale oil and other non-OPEC supply.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.