A survey of production data from OPEC shows evidence of a managed decline, but the durability of that trend is a critical question, a survey found. A survey of December production data from members of the Organization of Petroleum Exporting Countries showed total output was down about 280,000 barrels per day from the previous month, S&P Global Platts reported. December production was 32.85 million bpd collectively. The production group in November agreed to managed declines of 1.2 million bpd from October figures for a target of 32.5 million bpd. Formal implementation began Jan. 1. Eklavya Gupte, a senior editor at S&P Global Platts, said December figures show OPEC so far is committed to a production arrangement designed to offset supply-side pressures that dragged on crude […]