Oil barrel
OPEC+ clarified today, Oct. 6, the new oil production levels for each member country following the group’s decision to reduce output by two million barrels per day (bpd) as of next November.
The decision came during the group’s 33rd ministerial meeting in Vienna.
The table below shows oil production levels and each country's share of the reduction, with Saudi Arabia and Russia leading the cut in volumes at 526,000 bpd:
|
Oil Production Levels in November 2022 ('000 barrel) |
|||
|
Country |
Output in August 2022 |
Output in November 2022 |
Change |
|
Saudi Arabia |
11004 |
10478 |
(526) |
|
Algeria |
1055 |
1007 |
(48) |
|
Angola |
1525 |
1455 |
(70) |
|
DR Congo |
325 |
310 |
(15) |
|
Equatorial Guinea |
127 |
121 |
(6) |
|
Gabon |
186 |
177 |
(9) |
|
Iraq |
4651 |
4431 |
(220) |
|
Kuwait |
2811 |
2676 |
(135) |
|
Nigeria |
1826 |
1742 |
(84) |
|
UAE |
3179 |
3019 |
(160) |
|
Azerbaijan |
717 |
684 |
(33) |
|
Bahrain |
205 |
196 |
(9) |
|
Brunei |
102 |
97 |
(5) |
|
Kazakhstan |
1706 |
1628 |
(78) |
|
Malaysia |
594 |
567 |
(27) |
|
Mexico |
1753 |
1753 |
-- |
|
Oman |
881 |
841 |
(40) |
|
Russia |
11004 |
10478 |
(526) |
|
Sudan |
75 |
72 |
(3) |
|
South Sudan |
130 |
124 |
(6) |
|
OPEC member nations |
26689 |
25416 |
(1273) |
|
Non-OPEC countries |
17167 |
16440 |
(727) |
|
OPEC+ |
43856 |
41856 |
(2000) |
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