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Author: Ron Patterson
OPEC February Production Data
The March OPEC Monthly Oil Market Report is out with the February production data. All data is through February 2o18 and is in thousand barrels per day,
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OPEC crude only production was down 77,000 barrels per day in February but that was after January production had been revised downward 40,000 barrels per day.
OPEC January Oil Production Data
The OPEC Monthly Oil Market Report is out production data for January 2018. All data, unless otherwise noted, is through January 2018 and is in thousand barrels per day.
OPEC crude only production has held steady for three months. However, this chart masks the fact that November production was revised downward by 45,000 barrels per day and December production was revised downward by 107,000 barrels per day. January production was 76,000 barrels per day below last years 12 month average of 32,378,000 barrels per day and 247,000 barrels per day lower than OPEC’s 2016 12 month average of 32,549,000 barrels per day.
Open Thread Non-Petroleum. Feb 14, 2018
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OPEC December Oil Production
The latest OPEC Monthly Oil Market Report is out with production numbers for December 2017. All data is in thousand barrels per day.
Total OPEC crude only production was up by 42,400 barrels per day in December. However, that was after November production was revised downward by 75,000 bpd. So OPEC production was actually down 33,000 bpd from what was reported last month.