The OPEC Monthly Oil Market Report (MOMR) for January 2022 was published this past week. The last month reported in each of the charts that follow is December 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 27882 kb/d of crude oil in December 2021 based on secondary sources, an increase of 166 kb/d from November 2021. October 2021 output was revised lower by 32 kb/d from what was reported last month and November 2021 output was revised down by 2 kb/d compared to the December MOMR. Most of the increase in OPEC output was from Angola(85 kb/d) and Saudi Arabia(61 kb/d) followed by Iraq (28 kb/d), and UAE (28 kb/d). […]