OPEC makes virtually all of pledged supply cut: survey

LONDON (Reuters) - OPEC oil supply fell in December for a fourth consecutive month as members implemented a deal to cut output and prop up oil prices, a Reuters survey showed on Tuesday.

Supply from the Organization of the Petroleum Exporting Countries fell to 30.6 million barrels per day (bpd) in December from 30.75 million bpd in November, according to the survey of oil firms, OPEC officials and analysts.

The 11 members bound by output targets pumped 27.36 million bpd, down from 27.62 million bpd in November and close to their December target of 27.3 million bpd, the survey found.

That means the group has met virtually all of its pledge to lower supply to 27.3 million bpd from November 1.

OPEC pumps about two in every five barrels of oil.

(Reporting by Alex Lawler; editing by William Hardy)