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OPEC Guide

A Platts.com News Feature

OPEC production estimates



OPEC Guide

A Platts.com News Feature

OPEC production estimates



December 16, 2015 - 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
Nov. '15
Change
Oct. '15
Sept. '15
Aug. '15
Algeria 1.11 0 1.11 1.11 1.11
Angola 1.80 0.02 1.78 1.80 1.78
Ecuador 0.54 0 0.54 0.54 0.54
Iran 2.88 0 2.88 2.88 2.87
Iraq* 3.75 0.10 3.65 3.72 3.72
Kuwait 2.75 0 2.75 2.75 2.75
Libya 0.38 -0.04 0.42 0.37 0.36
Nigeria 1.90 -0.05 1.95 1.87 1.85
Qatar 0.66 0 0.66 0.66 0.66
Saudi Arabia 10.15 0.05 10.10 10.26 10.40
UAE 2.90 0 2.90 2.90 2.88
Venezuela 2.35 0.01 2.34 2.34 2.34
Total 31.17 0.09 31.08 31.20 31.26


* The estimate for Iraq includes volumes exported by Kurdistan under the agreement between Baghdad and Erbil to deliver 250,000 b/d of Kurdish exports on behalf of Iraqi state oil marketer SOMO at Ceyhan.


OPEC's 30 million b/d ceiling has been in place since January 2012. It does not include individual country quotas.



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