OPEC+ crude output fell 700,000 b/d in November, the sharpest drop since April

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OPEC+ crude output fell 700,000 b/d in November, the sharpest drop since April

<p>S&P Platts with the report, in brief:</p><ul><li>OPEC production falls by 850,000 b/d, Saudi pumps 10.46 million b/d</li><li>Non-OPEC boosts output by 150,000 b/d led by Kazakhstan, </li><li>Quota shortfall narrows to 1.89 million b/d from 3.27 million b/d in Oct</li></ul><p><a href="https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/120822-gulf-producers-lead-on-opec-cuts-saudi-crude-output-at-6-month-low-platts-survey" target="_blank" rel="nofollow">The link is here</a> for more elaboration. </p><p>On :</p><ul><li>n oil supply disruptions are seen hitting 1 million b/d between November and March due to the impact of the EU sanctions and price caps, according to analysts with S&P Global Commodity Insights.</li></ul>

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: OPEC+ crude output fell 700,000 b/d in November, the sharpest drop since April

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