Survey: OPEC Production Recorded First Decline Since July in November

A survey conducted by "Reuters" concluded today, Wednesday, that "OPEC's oil production decreased in November, marking the first monthly decline since July, due to reduced shipments from Nigeria and Iraq, along with ongoing cuts from Saudi Arabia and other members of the broader OPEC+ alliance to support the market." The survey indicated that "OPEC produced 27.81 million barrels per day, a decrease of 90,000 barrels per day from October. Production had increased in the three months leading up to October."