Reuters survey: OPEC’s oil production rises in November

Market news

2 December 2015

Reuters survey: OPEC’s oil production rises in November

According to a Reuters survey, the Organization of the Petroleum Exporting Countries' (OPEC) oil production rose in November due to higher output from Iraq. OPEC's oil output increased to 31.77 million barrels per day (bpd) from 31.64 million in October.

Saudi Arabia produced 10.25 million bpd in November.

Oil output fell in Angola, Libya and Nigeria, while oil output from Iran remained unchanged.

OPEC increased its oil production by about 1.50 million bpd since November 2014.

OECD: consumer price inflation in the OECD area rises to 0.6% year-on-year in October

United Kingdom: PMI Construction, November 55.3 (forecast 58.2)

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.