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OPEC Guide



OPEC crude oil output

OPEC Guide



OPEC crude oil output



OPEC crude production hits eight year high



2016 OPEC Survey


Member June Change May Apr Mar Feb Jan
Algeria
1.10
0.02
1.08
1.10
1.10
1.10
1.10
Angola
1.74
0
1.74
1.79
1.80
1.77
1.74
Ecuador
0.54
0
0.54
0.53
0.54
0.54
0.54
Indonesia
0.73
0
0.73
0.73
0.71
0.71
0.71
Iran
3.63
0.08
3.55
3.38
3.23
3.12
2.91
Iraq
4.23
-0.02
4.25
4.31
4.16
4.13
4.33
Kuwait
2.78
0.02
2.76
2.68
2.78
2.78
2.77
Libya
0.31
0.06
0.25
0.33
0.32
0.36
0.37
Nigeria
1.57
0.15
1.42
1.67
1.75
1.77
1.85
Qatar
0.66
0
0.66
0.66
0.66
0.66
0.66
Saudi Arabia
10.33
0.08
10.25
10.18
10.20
10.20
10.20
UAE
2.96
0.03
2.93
2.85
2.80
2.85
2.90
Venezuela
2.15
-0.12
2.27
2.31
2.33
2.35
2.35
Total
32.73
0.3
32.43
32.52
32.38
32.34
32.43


Note:


* OPEC ministers failed to agree on an official output ceiling at their December 4 meeting in Vienna. The group had previously maintained a 30 million b/d ceiling that came into effect in January 2012. No individual country quotas were distributed under this ceiling. OPEC will hold its next ministerial meeting on June 2 in Vienna.
* OPEC and non-OPEC producers met on April 17 in Doha in a bid to coordinate oil strategy but failed to agree on a mooted production freeze.
* 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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