Cut compliance at 115%
OPEC has released this month’s Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry.

Production from the cartel fell in November, as countries reaffirmed their commitment to output cuts. Total OPEC production fell by 133.5 MBOPD to 32,448 MBOPD in November, a significant decrease. According to Bloomberg, OPEC compliance is at 115%, the highest seen so far.
Angola, Saudi Arabia, UAE, Venezuela cut production
Angola experienced the largest production decrease in ...


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