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OPEC Guide

A Platts.com News Feature



OPEC Guide

A Platts.com News Feature


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
Jan. '15
Difference
Dec. '14
Nov. '14
Oct. '14
Algeria
1.12
0.00
1.12
1.12
1.13
Angola
1.75
0.12
1.63
1.64
1.69
Ecuador
0.55
0.00
0.55
0.55
0.54
Iran
2.85
0.00
2.85
2.83
2.83
Iraq
3.10
-0.30
3.40
3.11
3.06
Kuwait
2.77
0.02
2.75
2.75
2.80
Libya
0.33
-0.13
0.46
0.65
0.86
Nigeria
1.98
0.05
1.93
1.98
1.95
Qatar
0.67
0.01
0.66
0.68
0.71
Saudi Arabia
9.70
0.10
9.60
9.60
9.63
UAE
2.80
0.04
2.76
2.78
2.78
Venezuela
2.32
0.00
2.32
2.32
2.32
Total
29.94
-0.09
30.03
30.01
30.30


Next Page: Information on OPEC members



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