Reuters Survey: OPEC Cut 710,00 Bpd In November

Led by Gulf member states, OPEC oil output dropped in November in line with the OPEC+ pledge to cut output by 2 million barrels per day for the month, according to a Reuters survey released on Wednesday. OPEC produced 29.01 million barrels per day in November, the survey reported, which is 710,000 bpd lower than production for October.  Of the 2 million bpd OPEC+ output cut pledge, 1.27 million bpd was to be cut from the 10 original OPEC members, which saw November production fall by 720,000 bpd from October to November.  According to…