OPEC Crude Output Drops to Six-Month Low
- Total production fell 80,000 barrels a day in November
- Saudi Arabia’s output drops, Iraq boosts crude shipments
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Crude production from the Organization of Petroleum Exporting Countries dropped again in November to a six-month low.
Total production fell 80,000 barrels a day to 32.47 million a day last month, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. That was the lowest level since May, when output was 32.29 million.