OPEC’s Oil Production Rose in November as Libyan Output Jumped

Crude oil production from all OPEC members rose by 104,000 barrels per day (bpd) in November compared to October, the organization’s Monthly Oil Market Report (MOMR) showed on Wednesday. Total OPEC-12 crude oil production averaged 26.66 million bpd last month, as output in Libya, Iran, and Nigeria increased, according to OPEC’s secondary sources used to track supply to the market. Of the three countries where production rose the most in November from the previous month, two – Libya and Iran – are exempted from the OPEC+…