OPEC production

OPEC monitors its own production using so-called secondary sources, including the media. Platts publishes monthly estimates of OPEC production, based on a survey of OPEC and oil industry officials, on a country-by-country basis.

OPEC sets a production ceiling for ten of its 11 members. Iraq, which is subject to UN oil export sanctions, does not have a production quota.

All figures are in millions of barrels per day. OPEC output as reported by Platts measures what is called "supply to markets." Supply is defined by OPEC as wellhead production plus/minus movements out of/into storage.

Country	Aug	Jul	Jun	May	Apr	Quota Jul	Quota Aug
Algeria	1.260	1.250	1.200	1.170	1.150	0.814	0.830
Indonesia	0.950	0.960	0.970	0.970	0.980	1.322	1.347
Iran	3.980	3.980	3.960	3.920	3.880	3.744	3.817
Iraq	1.780	1.950	1.700	1.900	2.380	1.950	N/A
Kuwait	2.380	2.350	2.350	2.300	2.210	2.046	2.087
Libya	1.610	1.590	1.540	1.470	1.460	1.365	1.392
Nigeria	2.400	2.400	2.400	2.350	2.350	2.101	2.142
Qatar	0.790	0.780	0.780	0.760	0.740	0.661	0.674
Saudi Arabia	9.500	9.400	9.100	8.600	8.300	8.288	8.450
UAE	2.450	2.390	2.380	2.260	2.100	2.225	2.269
Venezuela	2.650	2.620	2.560	2.560	2.520	2.934	2.992
Total	29.750	29.670	28.940	28.260	28.070
OPEC 10 (excluding Iraq)	27.970	27.720	27.240	26.360	25.690	25.500	26.000

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