Free Trial

OPEC Production Slips 140kbd November m/m: Bloomberg Survey

OIL

OPEC production fell in November by 140,000 bpd m/m to just over 28mn bpd according to a Bloomberg survey as a result of modest declines out of Iran, Iraq and Nigeria.

  • Nigeria and Iraq cut by around 50,000 bpd m/m in November – showing the biggest dips.
  • Bloomberg’s survey is based on ship-tracking data, information from officials and estimates from consultants, including Kpler Ltd., Rapidan Energy Group and Rystad Energy A/S.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.