OPEC Holds Production Steady as Compliance Exceeds Promised Cuts

  • Group pumped 32.47 million barrels a day in December: survey
  • Libya output disruption offset by increase in Nigerian barrels
OPEC Wins Over Investors for Bullish Start to 2018
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OPEC’s crude production held steady in December as the group approached a fresh year of output curbs in full compliance with its supply deal.

The 14 members of the Organization of Petroleum Exporting Countries pumped 32.47 million barrels a day, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data.