Global oil production falls by 0.11% in November: Int. Energy Agency

Global oil production falls by 0.11% in November: Int. Energy Agency


World oil production fell by more than 0.11%, or around 120,000 barrels per day (bpd), to nearly 102.13 million bpd in November, although US and Brazilian production was robust, according to the International Energy Agency's (IEA) latest report on Thursday. CE Report quoting Anadolu Agency

According to the energy agency’s Oil Market Report for November, crude oil production by the Organization of Petroleum Exporting Countries (OPEC) decreased by approximately 100,000 bpd in November to 28.10 million bpd. The group's total oil production reached approximately 33.69 million bpd over the same period.

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