The OPEC Monthly Oil Market Report (MOMR) for April 2022 was published last week. The last month reported in each of the charts that follow is March 2022 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In most of 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 output increased by 57 kb/d according to secondary souces in March 2022. January 2022 output was revised higher by 45 kb/d from what was reported last month and February 2022 output was revised higher by 27 kb/d compared to the March 2022 MOMR. Most of the increase in OPEC output was from Saudi Arabia(54 kb/d) followed by Kuwait (25 kb/d), and UAE (23 kb/d). Five OPEC members saw increases of less than 15 kb/d […]