Opec+ crude production increased last month but fell short of the 400,000 b/d agreed rise in quotas, as several members struggled to keep pace. The 19 Opec+ countries participating in the production restraint deal hiked their collective output by just 300,000 b/d in December, according to Argus' survey. This left them 650,000 b/d below target, with 14 of the group falling sharply short of their quotas. The largest individual increase was in west Africa, where Angola boosted output by 90,000 b/d to 1.2mn b/d. Although this was the highest monthly level of 2021, Angola was still 190,000 b/d below its December quota. ... (full story)