All OPEC data for the charts below are from the OPEC Monthly Oil Market Report https://momr.opec.org/pdf-download/ OPEC crude oil production continued to slide in December. OPEC production was down 161,000 barrels per day in December but that was after November production had been revised upward by 54,000 barrels per day. Angola had the largest gain in December, up 125,000 barrels per day. This will be Ecuador’s last month with OPEC. In January it will be the OPEC 13. This will not cause a drop in OPEC production as Ecuador’s historical production will be removed from all OPEC data. Gabon was up 22,000 barrels per day in December, a big jump for them. Iran continued its slow decline. Political problems have increased in the area but I expect they will have little effect on oil production. Iraq is still producing flat out. They reached 4,642,000 barrels per day in December […]