Venezuela – Page 2 – Peak Oil Barrel

OPEC March 2020 Production Data

04/16/202004/16/2020 Ron Patterson 398 Comments

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.

OPEC February Production Data

03/27/202005/16/2020 Ron Patterson 240 Comments

All OPEC data below is from the OPEC Monthly Oil Market Report. It is thousand barrels per day and is through February 2020.

The OPEC data no longer includes Ecuador. OPEC 13 was down 546,000 barrels per day in February.

The only major decliners were Libya and Saudi Arabia.

OPEC January Production Data

02/13/202002/13/2020 Ron Patterson 285 Comments

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.