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OPEC crude oil output



OPEC Guide



OPEC production (in million b/d)

Member December Change November
Algeria
1.10
0
1.10
Angola
1.66
-0.04
1.70
Ecuador
0.53
0
0.53
Gabon
0.21
0
0.21
Iran
3.69
0
3.69
Iraq
4.63
0.07
4.56
Kuwait
2.83
0.02
2.81
Libya
0.62
0.04
0.58
Nigeria
1.44
-0.24
1.68
Qatar
0.64
-0.01
0.65
Saudi Arabia
10.42
-0.10
10.52
UAE
3.03
0
3.03
Venezuela
2.05
-0.02
2.07
Total
32.85
-0.28
33.13


OPEC productions including Indonesia (in million b/d)

Member December Change November
Algeria
1.10
0
1.10
Angola
1.66
-0.04
1.70
Ecuador
0.53
0
0.53
Gabon
0.21
0
0.21
Indonesia*
0.73
0
0.73
Iran
3.69
0
3.69
Iraq
4.63
0.07
4.56
Kuwait
2.83
0.02
2.81
Libya
0.62
0.04
0.58
Nigeria
1.44
-0.24
1.68
Qatar
0.64
-0.01
0.65
Saudi Arabia
10.42
-0.10
10.52
UAE
3.03
0
3.03
Venezuela
2.05
-0.02
2.07
Total
33.58
-0.28
33.86


Notes:


OPEC ministers on November 30 finalized a deal to cut 1.2 million b/d from October levels and hold production around 32.5 million b/d, beginning January 1 for six months.
The agreement exempts Libya and Nigeria, while allowing Iran a small increase in production.
* Indonesia suspended its membership on November 30, but its output is being counted by OPEC under the production ceiling.
Non-OPEC producers led by Russia also agreed to cut output by 558,000 b/d in the first half of 2017, with Russia set to cut 300,000 b/d.
The committee in charge of monitoring the implementation of the proposed OPEC and non-OPEC production cut will meet in Vienna on January 21-22.
The committee is to be co-chaired by representatives of Kuwait and Russia, and will also have representatives from Algeria, Venezuela and Oman.
The estimate for Iraq includes volumes from semi-autonomous Iraqi Kurdistan.


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