Oil Industry to Invest, Produce Less Before Expected Demand Decline, Study Says -- OPIS
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OPEC crude oil production capacity has expanded for two consecutive months, with the narrative of 'overcapacity' sweeping the oil market.
In November, the daily production increased by 0.12 million barrels; under pressure from allies, Iraq has been reducing production for three consecutive months.
OPEC+ Seen Prolonging Oil Output Cuts Through Q1 at Thursday's Meeting - Report
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