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World Oil Supply
OPEC Monthly Oil Market Report – June 2016
57
OPEC crude oil production
According to secondary sources, total OPEC crude oil production in May averaged
32.36 mb/d, a decrease of 100 tb/d over the previous month. Crude oil output
increased mostly from Kuwait, IR Iran and Saudi Arabia, while production decreased in
Nigeria, Venezuela and Iraq.
Table 5.5: OPEC crude oil production based on
secondary sources
, tb/d
Table 5.6: OPEC crude oil production based on
direct communication
, tb/d
2014 2015 3Q15 4Q15 1Q16 Mar 16 Apr 16 May 16
May/Apr
Algeria
1,123 1,106 1,110 1,110 1,093 1,092 1,087 1,080
-7.1
Angola
1,654 1,754 1,763 1,780 1,760 1,797 1,790 1,773
-16.8
Ecuador
544 546 541 545 548 554 546 549
3.9
Indonesia
696 695 696 707 720 726 730 740
10.4
Iran, I.R.
2,778 2,840 2,861 2,874 3,093 3,236 3,473 3,562
89.2
Iraq
3,267 3,933 4,154 4,232 4,242 4,179 4,342 4,281
-60.1
Kuwait
2,781 2,730 2,717 2,720 2,765 2,768 2,647 2,740
93.3
Libya
470 405 382 401 370 338 348 296
-52.0
Nigeria
1,953 1,867 1,861 1,885 1,792 1,761 1,675 1,424
-251.4
Qatar
714 667 655 669 667 672 658 659
1.9
Saudi Arabia
9,688 10,123 10,263 10,122 10,147 10,146 10,157 10,241
84.0
UAE
2,759 2,856 2,878 2,881 2,807 2,724 2,753 2,826
73.9
Venezuela
2,361 2,357 2,357 2,354 2,309 2,286 2,257 2,188
-69.0
Total OPEC
30,788 31,879 32,238 32,280 32,314 32,275 32,461 32,361
-99.8
Note: Totals may not add up due to independent rounding.
Source: OPEC Secretariat.
2014 2015 3Q15 4Q15 1Q16 Mar 16 Apr 16 May 16
May/Apr
Algeria
1,193 1,157 1,159 1,179 1,128 1,137 1,141 1,133
-8.0
Angola
1,654 1,767 1,777 1,742 1,773 1,782 1,733 1,707
-26.0
Ecuador
557 543 538 536 548 552 555 556
0.5
Indonesia
697 690 695 693 739 747 726 737
11.6
Iran, I.R.
3,117 3,152 3,170 3,313 3,385 3,400 3,500 3,600
100.0
Iraq
3,110 3,504 3,744 3,846 4,598 4,553 4,521 4,499
-22.0
Kuwait
2,867 2,859 2,870 2,876 3,000 3,000 2,900 2,950
50.0
Libya
480
..
..
..
..
..
..
..
..
Nigeria
1,807 1,748 1,790 1,778 1,667 1,505 1,570 1,506
-64.5
Qatar
709 656 640 651 675 699 625 671
45.7
Saudi Arabia
9,713 10,193 10,285 10,202 10,225 10,224 10,262 10,270
8.4
UAE
2,794 2,989 3,030 2,999 2,944 2,909 2,827 3,107
280.0
Venezuela
2,683 2,654 2,631 2,587 2,515 2,515 2,490 2,370
-120.3
Total OPEC
31,380
..
..
..
..
..
..
..
..
Note: Totals may not add up due to independent rounding.
.. Not available.
Source: OPEC Secretariat.