OPEC just published its December Monthly Oil Market Report with their crude only production numbers for November. OPEC Change Total OPEC crude only production was down 390,000 barrels per day but that was after October production was revised up by 190,000 bpd. After revisions only Iraq and Nigeria showed any increase in November. The data for all charts below is in thousand barrels per day and is through November 2014. OPEC crude only production stands at 30,053,000 barrels per day. Algeria started a slow decline in 2011 but seems to have reached a plateau in 2013. Angola has been on a bumpy plateau for about 4 years now. Ecuador began to increase production in 2011 and after about a 70,000 bpd increase seems to have reached a peak. Nothing very exciting is happening in Iran. Production is holding at 2,750,000 bpd and holding. Iraqi production is holding steady despite […]