Saudi Arabia’s oil minister Khalid Al-Falih said Friday the kingdom produced 11.1 million barrels per day (Mmbpd) in November, but should reduce production by 400,000 Bpd in December amid lower demand, Kallanish Energy reports. Speaking at a press conference in Vienna after the 5th Opec/Non-Opec meeting, Al-Falih said loadings for December were falling and customers were being notified as the cuts Saudi Arabia committed to making beginning next month. In December, the kingdom is expected to produce 10.7 Mmbpd, and then reduce its production by 500,000 Bpd in January, to average 10.2 Mmbpd, he said. The commitment is for Saudi Arabia to cut its production by 2.5% from its October levels, which would mean roughly 267,000 Bpd. However, Al-Falih said the country will “more than bear its share” of the production reduction deal, “as it has been doing for the past 18 months in order to show by example.” […]