BAKU, Azerbaijan, Dec.14
By Leman Zeynalova – Trend:
According to secondary sources, total OPEC-13 crude oil production averaged 27.72 mb/d in November 2021, higher by 0.29 mb/d m-o-m, Trend reports with reference to OPEC.
Crude oil output increased mainly in Saudi Arabia, Iraq and Nigeria, while production in Angola, Libya and Congo declined.
The table below shows the ranking of OPEC members in terms of m-o-m oil supply growth in November:
|
OPEC member |
October 2021 output (thousand barrels per day) |
November 2021 output (thousand barrels per day) |
Change (thousand barrels per day) |
|
Saudi Arabia |
9,766 |
9,867 |
101 |
|
Iraq |
4,149 |
4,240 |
91 |
|
Nigeria |
1,335 |
1,420 |
85 |
|
Kuwait |
2,502 |
2,531 |
29 |
|
UAE |
2,829 |
2,850 |
21 |
|
Venezuela |
610 |
625 |
15 |
|
Algeria |
945 |
954 |
9 |
|
Gabon |
176 |
184 |
9 |
|
Equatorial Guinea |
88 |
88 |
1 |
Angola, Libya, Congo and Iran decreased their output by 38,000 barrels per day, 15,000 barrels per day, 14,000 barrels per day and 9,000 barrels per day in November.
At the 22nd meeting of the ministers of the OPEC plus countries, an agreement was reached to maintain the decision adopted at the July meeting of ministers to increase the daily crude oil production by 400,000 barrels per month from August through December 2021.
---
Follow the author on Twitter: @Lyaman_Zeyn