OPEC+ survey shows November output slips despite plans

Thursday, December 04, 2025 at 09:00 UTC+01:00 (+0100), N/A, N/A

News category : Commodity and Currency Events

A Reuters industry survey published Dec. 4 showed that OPEC's oil output edged lower in November even though the cartel had agreed production raises for the month. Reported declines were largely attributed to outages in several member countries, with the net effect leaving supply tighter than headline quotas suggested. Traders responded by treating the physical supply picture as more nuanced: while headline OPEC+ policy aims to stabilise markets, operational realities can still produce unexpected shortfalls. The survey emphasised the persistence of idiosyncratic producer risks that can drive episodic price spikes despite broader discussions about quotas and capacity mechanisms.

Overall market impact

Mild mixed market impact - strength score : 74/100

Detailed breakdown of market impact over instruments, sectors, and asset classes

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Impacted instruments :

Brent crude futures

WTI crude futures

Energy equities

Oil-exporter FX

Commodity derivatives

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