All OPEC data below is from the OPEC Monthly Oil Market Report The data is through October 2018 and is in thousand barrels per day.
OPEC 15 crude oil production was up 127,000 barrels per day in October. that was after September production was revised upward by 13,000 bpd.
OPEC production will likely be up a bit more in November but down considerably in December.
The below charts were created with data from the OPEC Monthly Oil Market Report and the data through September 2018.
OPEC crude only was up 132,000 barrels per day in September to 32,761,000 bpd. that is still 650,000 barrels per day below their all time high in October of 2016.
August production was revised up by 63,000 bpd so production was actually up 195,000 bpd from what was reported last month.
Data for the OPEC charts below are from the OPEC Monthly Oil Market Report. All OPEC data are through August 2018 and in thousand barrels per day.
OPEC 15 crude only production was up 278,000 barrels per day in August to 32,565,000 bpd. Most of that increase was Libya, up 256,000 bpd.
July OPEC production was revised down 38,000 barrels per day.
All OPEC data is from the latest OPEC Monthly Oil Market Report and is in thousand barrels per day. All data is through July 2018.
OPEC crude oil production was up 41,000 barrels per day in July but that was after June production was revised down by 43,000 bpd. So OPEC production is actually down 2,000 bpd from what was reported last month.
The big difference here is in what secondary sources says Saudi Arabia produced in July, down 52,800 bpd, and what Saudi says they produced, down 200,5000 bpd. What Venezuela says they produced has no basis in reality.
Department of Economics, University of Utah
E-mail: minqi.li@economics.utah.edu
July 2018
This is Part 2 of the World Energy Annual Report in 2018. This part of the Annual Report provides updated analysis of world oil production and consumption, evaluates the future prospect of world oil supply and considers the implications of peak oil production for global economic growth.
(See Figure 18 near end of paper) Read More