The OPEC Monthly Oil Market Report (MOMR) for June 2022 was published last week. The last month reported in most of the charts that follow is May 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 decreased by 176 kb/d according to secondary souces in May 2022. March 2022 output was revised down by 20 kb/d from what was reported last month and April 2022 output was revised higher by 36 kb/d compared to the May 2022 MOMR. All of the decrease in OPEC output was from Libya(-186 kb/d) and for the other OPEC nations increases more than offset decreases by 10 kb/d. Six OPEC nations had higher output […]