OPEC November oil output slips before Aramco IPO, policy meeting

Uncategorized

OPEC November oil output slips before Aramco IPO, policy meeting

OPEC oil output has fallen in November as Angolan production has slipped due to maintenance and Saudi Arabia has kept a lid on supply to support the market before the initial public offering (IPO) of state-owned Saudi Aramco, a Reuters survey found.

On average, the 14-member Organization of the Petroleum Exporting Countries has pumped 29.57 million barrels per day (bpd) this month, according to the survey. That is down 110,000 bpd from October’s revised figure.

Continue reading OPEC November oil output slips before Aramco IPO, policy meeting at Vanguard News.

Vanguard News

Leave a Reply