It is thousand barrels per day and is through February 2020. The OPEC data no longer includes Ecuador. OPEC 13 was down 546,000 barrels per day in February. The only major decliners were Libya and Saudi Arabia. Algeria is simply in slow decline. Quotas have meant nothing to Algeria. The same story goes for Angola. Iranian production seems to have found a bottom. Iraqi production was up 86,000 barrels per day in February. Iraq is, and has been producing flat out. Kuwait possibly could produce more, but not very much more. The rebels have blocked Libya’s export terminals. Their storage tanks are full so they have had to shut down most production. Nigeria has paid no attention to quotas. Saudi production declined by 56,000 barrels per day in February. How much could they produce if they decided […]