The OPEC Monthly Oil Market Report for September 2021 was published this past week. The last month reported in each of the charts that follow is August 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 is monthly output and the red line is the centered twelve month average (CTMA) output. Figure 1 Figure 2 OPEC produced 26762 kb/d of crude oil in Aug 2021 based on secondary sources, an increase of 151 kb/d from June. July output was revised down by 46 kb/d from what was reported last month and June output was revised up by 9 kb/d. Most of the increase in OPEC output was from Iraq (90 kb/d) followed by KSA (69 kb/d), UAE (55 kb/d), and Angola (43 kb/d). The biggest decrease was in Nigeria (-114 kb/d), with […]