# OPEC agreed to reduce its production target to 32.5 million barrels per day from January 2017

Date: 2016

_No public text on this fact yet._

## Drivers

- Global Oil-Market Balance: https://factrail.ai/drivers/global-oil-market-balance

## Sources

_Sources are listed on the canonical page._

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/opec-production-adjustment-32-5-mbd-november-2016