OPEC Monthly Oil Market Report – July 2017
Welcome Equatorial Guinea as an OPEC Member
The 172nd Meeting of the Conference approved Equatorial Guinea’s
request to join the Organization of the Petroleum Exporting Countries
(OPEC), with immediate effect from 25th May 2017.
In line with this development, data for Equatorial Guinea will now be
included within the OPEC grouping. As a result, the figures for OPEC
crude production, demand for OPEC crude and non-OPEC supply have
been adjusted to reflect this change. For comparative purposes, related
historical data has also been revised.