OPEC April 2020 Production Data

by RON PATTERSON posted on 05/16/2020 [EDIT]

All OPEC data in the charts below are from the OPEC Monthly Oil Market Report. The data is through April and is in thousand barrels per day.

OPEC 13 crude oil production was up 1.8 million barrels per day in April. They are about 3 million barrels per day below their November 2016 High.

As you can see the increase came from only three countries, Saudi Arabia, Kuwait, and the United Arab Emirates.

Read More

OPEC March 2020 Production Data

All OPEC data reflected in the charts below are from the April edition of the OPEC Monthly Oil Market Report. https://momr.opec.org/pdf-download/ The data in in thousand barrels per day and all data is through March 2020.

Though OPEC 13 was up 821,000 barrels per day in March it was still the fourth lowest month in 9 years.

Iran, Libya, and Venezuela are exempt from the agreed on cuts. These three were down a combined 206,000 barrels per day. Those subject to cuts, were up a combined 1,026,000 barrels per day.

Read More

OPEC January Production Data

All OPEC data below is from the February edition of the OPEC Monthly Oil Market Report. The data thousand barrels per day and is through January 2020. OPEC Monthly Oil Marker Report

OPEC 14 crude oil production was down 509,000 barrels per day in January. And that was after December production was revised down 86,000 barrels per day.

OPEC announced a couple of months ago that Ecuador was leaving the cartel. However they were still included in January’s data. I have no idea what’s going on.

Read More