(VOVWORLD) - Oil output from the Organization of the Petroleum Exporting Countries (OPEC) has fallen in November, after the wider OPEC+ alliance pledged to make sharp cuts to support the market amid a worsening global economic outlook.
 (illustrative photo: Reuters) |
Reuters released results on Wednesday showing that OPEC produced 29.01 million barrels per day in November, down 710,000 barrels from October. In September OPEC's oil production reached 29.81 million barrels per day, the highest since April 2020.
It is expected that at the next meeting in Vienna on Sunday, OPEC+ will continue to consider conditions to balance the world oil market.