All OPEC data in the charts below are from the OPEC Monthly Oil Market Report. The data is through April and is in thousand barrels per day. OPEC 13 crude oil production was up 1.8 million barrels per day in April. They are about 3 million barrels per day below their November 2016 High. As you can see the increase came from only three countries, Saudi Arabia, Kuwait, and the United Arab Emirates. OPEC April 2020 Production Data Algeria has been in decline for about a decade. Angola has been in decline for over three years. The Republic of the Congo, Equatorial Guinea, and Gabon are among the also-rans. Their production has little effect on OPEC overall production. Iranian production continues to decline due to sanctions. They are now under two million barrels per day. Very surprisingly, Iraq did not increase production in April. I think Iraq does its […]