OPEC Oil Output Said to Rise Ahead of January Historic Cut
- Independent data show Nigeria, Libya, Angola boosted output
- OPEC cut won’t affect Saudi oil exports: Ex-Aramco Official
OPEC Seals Deal With Non-Members
This article is for subscribers only.
OPEC boosted production in November, according to independent estimates, as Nigeria, Libya and Angola all pumped more oil ahead of the group’s Jan. 1 deadline to cut its collective output, a person familiar with the data said.
The Organization of Petroleum Exporting Countries raised production to 33.79 million barrels a day in November from 33.71 million barrels a day in October, the person said, citing data from “secondary sources” such as news agencies and intergovernmental institutions. The person asked not to be identified because the information isn’t public.