Monday, December 23, 2024
OPEC oil output rises for fifth month on Libyan recovery, Reuters survey shows- oil and gas 360

OPEC oil output rises for fifth month on Libyan recovery, Reuters survey shows

Reuters LONDON – OPEC oil output rose for a fifth month in November, a Reuters survey found, as increased Libyan production offset full adherence by other producers to cuts agreed in an OPEC-led supply deal. The 13-member Organization of the Petroleum Exporting Countries has pumped 25.31 million barrels per day (bpd) in November, the survey found, up 750,000 bpd from

Oil prices fall as OPEC+ members debate 2021 output policy- oil and gas 360

Oil prices fall as OPEC+ members debate 2021 output policy

Reuters LONDON  – Oil prices fell on Monday on uncertainty about whether OPEC+ would agree to extend their large output cuts at talks this week, but vaccine hopes still kept benchmark crudes on track to rise by more than a fifth in November. Brent crude for January delivery, a contract that expires on Monday, had dropped 50 cents or 1%