The new OPEC Monthly Oil Market Report is out with the April Crude only data. No real big movers. Total OPEC crude production was up 131 kb/d but that was after March production had been revised down 148 kb/d. OPEC 12 crude only production stood at 29,593,000 bp/d. That is just over 2 million bp/d from their recent peaks in July 2008 and April 2012. Iraq was the only big mover, up 102 kb/d from last month. Saudi Arabia was up 23 kb/d but that was after March production had been revised down by 153 kb/d. Updated Charts of all 12 OPEC nations plus a couple of others can be found on the OPEC Charts page. The EIA has just published their latest Drilling Productivity Report . That report tries to guess where all LTO production will be through June. It seems that they have decided to revise their […]