OPEC November oil output rose 220K bpd

Reuters secondary sources survey

• OPEC had pledged to increase production by 400k bpd
• Total production was 27.74 mbpd
• Compliance Compliance Compliance is a key level of financial oversight and regulation in finance, banking, and investing. These measures refer to rules or orders set down by a government regulator or independent authority to help police financial service or processing of transactions. Finance is governed by a set of established guidelines or specifications. Regulated markets all adhere to some authority, which have evolved over time. Compliance can also capture efforts aimed at ensuring organizations are abiding by Compliance is a key level of financial oversight and regulation in finance, banking, and investing. These measures refer to rules or orders set down by a government regulator or independent authority to help police financial service or processing of transactions. Finance is governed by a set of established guidelines or specifications. Regulated markets all adhere to some authority, which have evolved over time. Compliance can also capture efforts aimed at ensuring organizations are abiding by Read this Term with cuts up to 120% from 118%

Saudi Arabia and Iraq boosted output in line with the agreement along with Kuwait, the UAE and Algeria.

Output fell in Libya due to pipeline maintenance while it fell in Angola to a record low, perhaps owing to tanker schedules.