Middle East Economic Survey


No 52


OPEC November Oil Output Down At 29.25Mn B/D But Cut Compliance Mixed

OPEC oil production in November fell by 320,000 b/d to 29.25mn b/d from 29.57mn b/d in October, with compliance with the output cuts agreed in Doha in late October showing mixed results across individual member countries, and OPEC-10 output still well above its 1 November target of 26.3mn b/d, according to MEES estimates (MEES, 11 December). Production by the OPEC-10 (OPEC...