# OPEC oil output falls in November to lowest since May

> A Reuters survey found OPEC oil output fell by 300,000 barrels per day in November, to its lowest level since May. The drop reflected lower Angolan and Iraqi exports, strong compliance with the supply cut deal, and involuntary declines.

- Date: 2017-12-04 · published 2017-12-04T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/67408-opec-oil-output-falls-in-november-to-lowest-since-may
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower OPEC supply tightens the crude market and supports oil prices, which in turn lift diesel and fertilizer costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 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) | +0.5% | +6.2% |
| WTI | 2025-01-07 | [OPEC oil output falls in December on UAE and Iran, survey finds](https://feedsoft.ai/events/26425-opec-oil-output-falls-in-december-on-uae-and-iran-survey-finds.md) | +7.1% | -1.5% |
| WTI | 2017-09-12 | [OPEC oil production falls for the first time since March](https://feedsoft.ai/events/68865-opec-oil-production-falls-for-the-first-time-since-march.md) | +3.8% | +3.2% |
| WTI | 2019-11-30 | [OPEC November oil output slips before Aramco IPO, policy meeting](https://feedsoft.ai/events/55952-opec-november-oil-output-slips-before-aramco-ipo-policy-meeting.md) | +3.6% | +8.1% |
| WTI | 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) | -6.0% | +1.3% |
| 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 | 2025-01-07 | [OPEC oil output falls in December on UAE and Iran, survey finds](https://feedsoft.ai/events/26425-opec-oil-output-falls-in-december-on-uae-and-iran-survey-finds.md) | +6.6% | -0.7% |
| BRENT | 2022-11-30 | [OPEC oil output drops in November after cut pledged -survey \| Reuters](https://feedsoft.ai/events/38584-opec-oil-output-drops-in-november-after-cut-pledged-survey-reuters.md) | -4.2% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/article/us-opec-oil/opec-oil-output-falls-in-november-to-lowest-since-may-idUSKBN1DY267/

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