World oil demand is kept unchanged compared to last month’s assessment, showing a growth of 5.7 mb/d in 2021.

The Neutral Zone fields, which lie in onshore and offshore territory shared by Saudi Arabia and Kuwait at their border, were offline for more than four years until 2020, due to a political dispute that was resolved with a signing of an agreement in December 2019.

Iraq's OPEC+ quota rose to 4.193 million b/d last month, from 4.149 million b/d in October, as the coalition continued to raise production caps.

OPEC's 13 countries pumped 27.85 million b/d, up 300,000 b/d from October, while Russia and eight other partners produced 13.86 million b/d, up 200,000 b/d

Daily average output was up on 10.85 mil b/d in October. Total production volumes in October were 45.91 mil mt.Output was up 8.6% on the 41.03 mil mt, or 10.03 mil b/d in November 2020.

Preliminary production figures for October 2021 show an average daily production of 2 062 000 barrels of oil, NGL and condensate.

China has approved expansions at more than 153 coal mines, which could add 55 million tonnes of coal output in the fourth quarter, the National Development and Reform Commission (NDRC) said last month.

World oil demand growth in 2021 is revised lower by around 0.16 mb/d, compared to last month’s assessment, to stand at 5.7 mb/d.

At the end of 2019, combined oil output from ExxonMobil, BP, Shell, Chevron, TotalEnergues, Equinor, ConocoPhillips, and Eni stood at 13.3 million b/d, or about 13% of total global supplies,

Preliminary production figures for September 2021 show an average daily production of 2 022 000 barrels of oil, NGL and condensate.