Baku, Azerbaijan, Dec.14
By Leman Zeynalova – Trend:
According to secondary sources, OPEC crude oil production in November increased by 151,000 million barrels per day (mb/d) per day compared to the previous month to average 33.87 million barrels per day, the cartel said in its December Oil Market Report.
Crude oil output increased the most in Angola, Nigeria and Libya, while production in Kuwait and Saudi Arabia showed the largest decline, said OPEC.
The oil production in Nigeria rose by 62,700 barrels per day to 1.692 million barrels per day, Libya - 47,500 b/d to 575,000 b/d. This is while Angola increased its oil output by 124,800 b/d to 1.692 mb/d.
Preliminary data indicates that global oil supply increased by 0.53 mb/d as compared to October to average 96.84 mb/d in November.
Earlier, the International Energy Agency (IEA) said in its report that OPEC’s crude output in November was 34.2 mb/d, a record high, and 300 kb/d higher than in October.
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