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OPEC Guide



OPEC crude oil output

OPEC Guide



OPEC crude oil output



OPEC Jul crude output at 33.12 mil b/d driven by Saudis, Iraq



2016 OPEC Survey


Member July Change June May Apr Mar Feb
Algeria
1.10
0
1.10
1.08
1.10
1.10
1.10
Angola
1.76
0.02
1.74
1.74
1.79
1.80
1.77
Ecuador
0.54
0
0.54
0.54
0.53
0.54
0.54
Gabon
0.22
0
0.22
-
-
-
-
Indonesia
0.73
0
0.73
0.73
0.73
0.71
0.71
Iran
3.63
0
3.63
3.55
3.38
3.23
3.12
Iraq
4.33
0.10
4.23
4.25
4.31
4.16
4.13
Kuwait
2.78
0
2.78
2.76
2.68
2.78
2.78
Libya
0.27
-0.04
0.31
0.25
0.33
0.32
0.36
Nigeria
1.50
-0.07
1.57
1.42
1.67
1.75
1.77
Qatar
0.66
0
0.66
0.66
0.66
0.66
0.66
Saudi Arabia
10.50
0.17
10.33
10.25
10.18
10.20
10.20
UAE
2.97
0.01
2.96
2.93
2.85
2.80
2.85
Venezuela
2.13
-0.02
2.15
2.27
2.31
2.33
2.35
Total
33.12
0.17
32.95
32.43
32.52
32.38
32.34


Notes:


* OPEC ministers decided to maintain the bloc's output policy at a June 2 meeting, declining to set a production ceiling or target.
* At its meeting on December 4, 2015, OPEC failed to agree on an official output ceiling. The group had earlier maintained a 30 million b/d ceiling that came into effect in January 2012.
* OPEC will hold its next ministerial meeting on November 30 in Vienna.
* Gabon officially rejoined OPEC on July 1 while Indonesia reactivated its membership of OPEC at the December meeting. The estimate for Iraq includes volumes from semi-autonomous Iraqi Kurdistan.


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