The OPEC Monthly Oil Market Report for July 2021 was published this past week. The last month reported in each of the charts that follow is June 2021 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the charts that follow the blue line with markers is monthly average output and the red line without markers is the centered twelve month average (CTMA) output. figure 1 figure 2 April OPEC output was revised up by 19 kb/d from last month’s report and May was revised up by 15 kb/d. OPEC output increased by 586 kb/d in June with most of that increase (425 kb/d) from Saudi Arabia. figure 3 figure 4 figure 5 figure 6 figure 7 figure 8 figure 9 figure 10 figure 11 figure 12 figure 13 figure 14 figure 15 fogure 16 World liquids supply remains about […]