# OPEC oil output drops in November after cut pledged -survey | Reuters

> OPEC output fell by 710,000 barrels per day in November to 29.01 million bpd, according to a Reuters survey. The drop follows the group's pledged cut, with OPEC+ targeting a 2 million bpd reduction in total output, of which about 1.27 million bpd was meant to come from the 10 participating OPEC countries.

- Date: 2022-11-30 · published 2022-11-30T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/38584-opec-oil-output-drops-in-november-after-cut-pledged-survey-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower OPEC supply tightens the crude market, which supports energy costs and can feed through to diesel and fertilizer prices for feed producers. The effect is modest because the survey reflects an output shortfall that was already expected.

## Read by commodity

- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2019-11-29 | [OPEC oil output falls by 110,000 bpd in November -Reuters survey \| Financial Post](https://feedsoft.ai/events/55956-opec-oil-output-falls-by-110-000-bpd-in-november-reuters-survey-financial-post.md) | +0.2% | +6.5% |
| BRENT | 2024-01-31 | [OPEC oil output falls in January on new cuts, Libya - survey \| Reuters](https://feedsoft.ai/events/32028-opec-oil-output-falls-in-january-on-new-cuts-libya-survey-reuters.md) | -4.8% | +0.3% |
| BRENT | 2026-01-09 | [OPEC oil output falls in December on Iran and Venezuela, Reuters survey finds \| Reuters](https://feedsoft.ai/events/20971-opec-oil-output-falls-in-december-on-iran-and-venezuela-reuters-survey-finds.md) | +3.7% | +9.6% |
| BRENT | 2018-04-30 | [OPEC oil output falls by 70,000 bpd in April - Reuters survey](https://feedsoft.ai/events/65423-opec-oil-output-falls-by-70-000-bpd-in-april-reuters-survey.md) | -0.2% | +2.0% |
| BRENT | 2017-01-05 | [OPEC oil output falls from record high ahead of planned cuts - Reuters survey](https://feedsoft.ai/events/72911-opec-oil-output-falls-from-record-high-ahead-of-planned-cuts-reuters-survey.md) | -2.1% | +0.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/opec-oil-output-drops-november-after-cut-pledged-survey-2022-11-30/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.