Opec countries oil production per day

Last year’s OPEC deal with the Russians to reduce oil output by 1.7 million barrels per day remains in effect until March 31. Russia’s Energy Minister, Alexander Novak, told Russian business daily In 2018, Saudi Arabia had an average production output of around 10.3 million barrels of crude oil per day. Thus, Saudi Arabia is by far the leading OPEC member based on production. Oil ministers from the 14 OPEC countries decided at a meeting Thursday to push for a cut of 1.5 million barrels a day, or about 1.5 per cent of total world supply. Under this definition, total world oil production in 2019 averaged 80,622,000 barrels per day. Approximately 68% came from the top ten countries, and an overlapping 44% came from the fourteen current OPEC members, in the table below. The top three producers have in recent history been (alphabetically) Russia, Saudi Arabia, and the United States.

14 Nov 2019 By this time, OPEC was supplying 56% of the world net daily target of oil, which was an upgrade from 47% in 1965. However, in 1973, Egypt and

The 10 largest oil1 producers and share of total world oil production2 in 20183. Country, Million barrels per day, Share of world total. United States, 17.94, 18%. OPEC - Organization of the Petroleum Exporting Countries. Home {home} OPEC Member Countries' historical production data, directly communicated or based on secondary sources, are available in OPEC's Monthly Oil Market Reports. OPEC Crude Oil (excluding condensates) Supply (million barrels per day). Q1. Q2. Q3. Q4. Q1. Q2. Q3. Q4. Q1. Q2. Q3. Q4. 2019. 2020. 2021. Crude Oil.

14 Nov 2019 By this time, OPEC was supplying 56% of the world net daily target of oil, which was an upgrade from 47% in 1965. However, in 1973, Egypt and

14 Sep 2018 The 15-member OPEC (The Organisation of the Petroleum Exporting Countries) cartel pumped 32.98 million barrels per day last month. 20 Jan 2020 Recent statistics issued by the Organisation of the Petroleum Exporting Countries highlighted a decrease in its production by 6.3 percent, 5 hours ago Iraq, one of the oil-producing countries that is most heavily reliant on its oil The OPEC basket of crude grades is also trading at a little over $30. 300,000 bpd and 500,000 bpd to daily production starting next month, adding Under this definition, total world oil production in 2019 averaged 80,622,000 barrels per day. Approximately 68% came from the top ten countries, and an overlapping 44% came from the fourteen current OPEC members, in the table below. The top three producers have in recent history been (alphabetically) Russia, Saudi Arabia, and the United States. According to the source, oil production includes crude oil, shale oil, oil sands and NGL (the liquid content of natural gas, where this is recovered separately). Figures exclude liquid fuels from Historical Production Data OPEC Member Countries’ historical production data, directly communicated or based on secondary sources, are available in OPEC’s Monthly Oil Market Reports. These reports can be viewed here .

20 Jan 2020 Recent statistics issued by the Organisation of the Petroleum Exporting Countries highlighted a decrease in its production by 6.3 percent,

Under this definition, total world oil production in 2019 averaged 80,622,000 barrels per day. Approximately 68% came from the top ten countries, and an overlapping 44% came from the fourteen current OPEC members, in the table below. The top three producers have in recent history been (alphabetically) Russia, Saudi Arabia, and the United States.

In November 2014, the International Energy Agency (IEA) estimated that OPEC's "effective" spare capacity, adjusted for ongoing disruptions in countries like Libya and Nigeria, was 3.5 million barrels per day (560,000 m 3 /d) and that this number would increase to a peak in 2017 of 4.6 million barrels per day (730,000 m 3 /d).

The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.