Saudi Arabia oil output reaches record high

Saudi Arabia oil output reaches record high

OPEC oil production climbed in November, driven by record output from Saudi Arabia, even as the group’s plan to impose fresh production curbs next month has helped to put a floor under crude prices, the International Energy Agency (IEA) said in its monthly oil market report.

According to IEA data, Saudi Arabia delivered the biggest increase, with output surging 410 kb/d month-on-month to 11.06 mb/d in November.

The IEA said crude output in the OPEC rose by 100,000 barrels a day on month to reach 33.03 million barrels a day in November, the Wall Street Journal reported.

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