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OPEC production estimates



OPEC monitors its own crude production using so-called secondary sources, including the media. Platts publishes monthly estimates of OPEC production, based on a survey of OPEC and oil industry officials, on a country-by-country basis.


OPEC sets a production target for twelve of its 13 members. Iraq, which is struggling to rebuild its oil industry after years of UN sanctions and a war led by the US, does not have a production quota.


All figures are in millions of barrels per day.


Country
June '14
Difference
May '14
April '14
March '14
Feb. '14
Algeria
1.13
-0.02
1.15
1.15
1.13
1.14
Angola
1.72
0.02
1.70
1.65
1.60
1.67
Ecuador
0.55
0.01
0.54
0.53
0.53
0.53
Iran
2.85
0.00
2.85
2.85
2.85
2.82
Iraq
3.12
-0.16
3.28
3.25
3.15
3.35
Kuwait
2.80
0.00
2.80
2.80
2.78
2.80
Libya
0.24
0.04
0.20
0.21
0.22
0.36
Nigeria
1.98
0.06
1.92
1.90
1.96
1.98
Qatar
0.72
-0.01
0.73
0.73
0.73
0.73
Saudi Arabia
9.78
0.03
9.75
9.65
9.60
9.70
UAE
2.75
0.00
2.75
2.70
2.70
2.73
Venezuela
2.30
0.00
2.30
2.30
2.31
2.30
Total
29.94
-0.03
29.97
29.72
29.56
30.11


* OPEC agreed in December 2011 to set a crude output ceiling of 30 million b/d from January 1, 2012. It did not set individual country quotas. Ministers agreed at meetings on June 14 and December 12, 2012, to keep this ceiling in place. The next ministerial meeting is scheduled to take place on December 4, 2013, in Vienna.


Next Page: Information on OPEC members



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