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.
* 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
Oilgram News brings you fast-breaking global petroleum and gas news on and including:
Pressure building on OPEC to act on oil price fall
No need for panic over oil price plunge, OPEC chief says
OPEC heavyweights play down oil price fall
OPEC rolls on as Iraq maps out its future
OPEC heads for fresh rollover on output
OPEC crude production estimates
Glossary of Terms
Ask an editor
Tell us what you think
Related Features & Events
Iraq Oil Crisis
Request a free trial
© 2014 Platts, McGraw Hill Financial. All rights reserved.