17:42 - 11.12.2024

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December 11, Fineko/abc.az. The OPEC+ countries participating in the oil production cut deal increased oil production by 140,000 b/d in November, mainly at the expense of Kazakhstan.

ABC.AZ informs, referring to the December OPEC report.

In general, OPEC+ produced oil below the plan, taking into account voluntary reductions and compensations.

Without Libya, Iran and Venezuela, which were exempt from the agreement, the production volume of the alliance countries totaled 35.228 million b/d. Taking into account all voluntary restrictions and schedules of compensation for November, OPEC+ countries were supposed to produce 35.48 million b/d. Thus, the alliance carried out production in accord with the plan.