This update reports data from the Monthly Oil Market Report (MOMR) published by OPEC on December 14, 2020. The latest data point in each chart presented is November 2020 and output is thousands of barrels per day (kb/d). OPEC output in October was revised 14 kb/d higher than reported in the October MOMR to 24,402 kb/d. November 2020 OPEC output increased by 707 kb/d to 25,109 kb/d. As can be seen in the chart above most of the increased output in October was from Libya with an increase in November of 656 kb/d. Algeria output flat since August, Nov output 856 kb/d. Angola’s output has been declining at about 11.5% per year since Nov 2016, In November 2020 output was down by 6 kb/d to 1179 kb/d. Republic of Congo had an increase of 10 kb/d in November to 282 kb/d. No change, November output 104 kb/d same as […]