S&P Platts with the report, in brief:

  • OPEC production falls by 850,000 b/d, Saudi pumps 10.46 million b/d
  • Non-OPEC boosts output by 150,000 b/d led by Kazakhstan, Russia
  • Quota shortfall narrows to 1.89 million b/d from 3.27 million b/d in Oct

The link is here for more elaboration.

On Russia:

  • Russian oil supply disruptions are seen hitting 1 million b/d between November and March due to the impact of the EU sanctions and price caps, according to analysts with S&P Global Commodity Insights.
oil barrel