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World Oil Supply

OPEC Monthly Oil Market Report – September 2017

59

OPEC crude oil production

According to secondary sources, total

OPEC-14 crude oil production

averaged 32.76 mb/d in August,

a decrease of 79 tb/d over the previous month. Crude oil output increased in Nigeria, while production

showed declines in Libya, Gabon, Venezuela and Iraq.

Table 5 - 8: OPEC crude oil production based on

secondary sources

, tb/d

Table 5 - 9: OPEC crude oil production based on

direct communication

, tb/d

2015 2016 4Q16 1Q17 2Q17 Jun 17 Jul 17 Aug 17

Aug/Jul

Algeria

1,107 1,090 1,091 1,052 1,055 1,060 1,061 1,065

4.1

Angola

1,755 1,725 1,623 1,632 1,649 1,666 1,638 1,646

8.3

Ecuador

543

546

542

530

528

529

537

537

-0.3

Equatorial Guinea

185

164

162

147

140

140

148

148

0.6

Gabon

225

220

211

200

202

198

206

173

-32.3

Iran, I.R.

2,836 3,518 3,741 3,796 3,793 3,817 3,830 3,828

-2.3

Iraq

3,961 4,390 4,604 4,449 4,454 4,498 4,471 4,448

-23.1

Kuwait

2,764 2,853 2,874 2,712 2,708 2,709 2,702 2,702

0.1

Libya

404

390

574

656

709

848 1,003

890

-112.3

Nigeria

1,839 1,557 1,553 1,511 1,616 1,710 1,723 1,861

138.3

Qatar

663

656

642

625

613

615

614

616

2.3

Saudi Arabia

10,142 10,406 10,541 9,884 9,953 10,035 10,032 10,022

-10.3

UAE

2,906 2,975 3,079 2,935 2,910 2,917 2,921 2,901

-20.2

Venezuela

2,375 2,159 2,057 2,002 1,962 1,955 1,950 1,918

-31.9

Total OPEC

31,704 32,650 33,295 32,131 32,295 32,697 32,834 32,755

-79.1

Note: Totals may not add up due to independent rounding.

Source: OPEC Secretariat.

2015 2016 4Q16 1Q17 2Q17 Jun 17 Jul 17 Aug 17

Aug/Jul

Algeria

1,157 1,146 1,168 1,087 1,072 1,071 1,065 1,067

2.0

Angola

1,767 1,722 1,610 1,638 1,635 1,662 1,668 1,680

12.0

Ecuador

543

549

543

533

..

..

..

..

..

Equatorial Guinea

..

..

..

..

..

..

..

..

..

Gabon

..

..

..

..

..

..

..

..

..

Iran, I.R.

3,152 3,651 3,993 3,894 3,878 3,880 3,900 3,845

-55.0

Iraq

3,504 4,648 4,802 4,589 4,549 4,550 4,400 4,380

-20.0

Kuwait

2,859 2,954 2,915 2,705 2,710 2,705 2,700 2,700

0.0

Libya

..

..

..

..

..

..

..

..

..

Nigeria

1,748 1,427 1,401 1,388 1,485 1,557 1,562 1,742

179.9

Qatar

656

652

632

595

608

611

611

..

..

Saudi Arabia

10,193 10,460 10,602 9,882 9,965 10,070 10,010 9,951

-58.8

UAE

2,989 3,088 3,201 3,010 2,984 2,984 2,977 2,969

-8.0

Venezuela

2,654 2,373 2,265 2,261 2,149 2,156 2,117 2,100

-17.0

Total OPEC

..

..

..

..

..

..

..

..

..

Note: Totals may not add up due to independent rounding.

.. Not available.

Source: OPEC Secretariat.