OPEC kingpin Saudi Arabia has told OPEC it pumped 9.492 million b/d of crude in November, a drop of 232,000 b/d from the 9.724 million b/d it gave as its October output and 181,000 b/d lower than the 9.673 million b/d estimate of Saudi production derived from secondary sources.
The oil producer group in recent months has been running two OPEC production tables in its monthly oil report, one showing the secondary source estimates OPEC uses to monitor its production, the other showing direct submissions from members. The latest table of direct submissions does not include input from Angola or Nigeria.
There tend to be wide differences between the secondary source estimates and those submitted directly by members.
Sanctions-hit Iran, according to the secondary source estimates, produced 2.683 million b/d in November, slightly up from an estimated 2.678 million b/d in October.
But Iran has told OPEC it pumped 3.708 million b/d in November, down from 3.721 million b/d in October.
