OPEC oil output rises for fifth month on Libyan recovery, Reuters survey shows

* OPEC November output rises 750,000 bpd over October
* OPEC members bound by supply deal show 102% compliance
* UAE posts largest output rise among quota-bound members
* For production by country, click on By Alex Lawler
LONDON, Nov 30 (Reuters) - OPEC oil output rose for a fifth
month in November, a Reuters survey found, as increased Libyan
production offset full adherence by other producers to cuts
agreed in an OPEC-led supply deal.
The 13-member Organization of the Petroleum Exporting
Countries has pumped 25.31 million barrels per day (bpd) in
November, the survey found, up 750,000 bpd from October and a
further increase from the three-decade low reached in June.
OPEC, Russia and their allies, a group known as OPEC+, are
gathering virtually on Monday and Tuesday and will consider
whether to extend existing curbs due to weak demand or increase
output gradually from January, sources say. "OPEC+ seem unable to reach agreement, at least in the
run-up to today's meeting," said Eugen Weinberg of Commerzbank.
"That said, the oil market firmly believes that the current
production cuts will be maintained for at least another three
months," Weinberg added.
Libya, an OPEC member exempted from OPEC+ cuts, has seen a
recovery in output that was largely shut down for months. This
poses a headache for other producers trying to manage supplies
as coronavirus lockdowns prevent a revival in demand.
Meanwhile, OPEC states are bound by the supply deal continue
to cut more than agreed, the survey found. Compliance with the
cutbacks stood at 102% in November, steady from October.

LIBYAN RECOVERY
Libya, a nation politically split between east and west, has
boosted production since eastern Libyan commander Khalifa Haftar
said in September his forces would lift their eight-month
blockade of oil exports.
The survey found output increased by almost 700,000 bpd in
November, a faster rebound than some analysts and OPEC officials
expected.
Iran and Venezuela, the other two OPEC members exempt from
the supply cut, also posted a rise in output, the survey found.
The United Arab Emirates raised supply by 90,000 bpd, the
highest rise among those OPEC countries bound by quotas.
However, it was still pumping below its target.
Among countries lowering output, the biggest decline was in
Nigeria because of involuntary shutdowns following pipeline
explosions, while Iraq also pumped slightly less. Top exporter Saudi Arabia kept output steady, as did Kuwait.
The Reuters survey aims to track supply to the market and is
based on shipping data provided by external sources, Refinitiv
Eikon flows data, information from tanker-trackers such as
Petro-Logistics and Kpler, and information provided by sources
at oil companies, OPEC and consultants.