The data is through July 2020 and is in thousand barrels per day. OPEC crude only was up almost one million barrels per day in July. The lions share of the increase in OPEC production came Saudi Arabia. Iraq, Kuwait, and the UAE accounted for the rest. It is a little surprising that Algeria did not increase production in July. Angola continued to decline in July. The Congo also suffered a slight decline in July. Equatorial Guinea does not produce enough to make a difference either way. Gabon down slightly. They haven’t been paying much attention to OPEC cuts either. Iran is still suffering under sanctions. It will be interesting to see how the Biden Administration handles Iran. Iraq increased production slightly, 39,000 bpd, in July. Kuwait increased production by 73,000 bpd in July. Libya […]