Save for later Print Download Share LinkedIn Twitter Crude oil output by countries outside the Opec-plus alliance reached 32 million barrels per day in November, a nearly 500,000 b/d monthly increase and the highest level since March 2020 when global production fell off a pandemic cliff. Total liquids output by this group, excluding refinery gains, amounted to 44.74 million b/d, up almost 520,000 b/d compared to October and also a post-pandemic peak. Given the price spikes for both oil and natural gas this autumn, non-Opec-plus producers have an attractive price and an incentive to ramp up output, especially now that Opec-plus is failing to meet monthly targets.
