OPEC pumped at record high levels in November posing a challenge to the petroleum cartel’s… OPEC pumped at record levels in November, a top energy watchdog said Tuesday, posing a challenge to the cartel’s plans to slash oil output to support prices . The International Energy Agency also said oil markets could fall into a deficit in the first half of next year if the Organization of the Petroleum Exporting Countries and its allies acted on their pledge to reduce supplies. OPEC agreed Nov. 30 to cut output by 1.2 million barrels a day starting in January, a decision followed by a deal by other producers such as Russia to reduce their supplies by 558,000 barrels a day, at the very moment that many countries were pumping full out. As “OPEC was deciding to cut production, its crude output in November was 34.2 million barrels a day, a record […]