Platts Survey: OPEC+ Raised Oil Output in December

Crude oil production from the OPEC+ countries increased by 130,000 barrels per day (bpd) to 42.73 million bpd in December 2023, as Iraq and African producers lifted their crude output, the Platts survey by S&P Global Commodity Insights showed on Thursday. OPEC saw its crude oil output rise by as much as 160,000 bpd last month compared to November, for a total of 27.98 million bpd. The ten non-OPEC producers of the OPEC+ alliance, on the other hand, pumped 14.75 million bpd, down by 30,000 bpd from November, according to the survey. …