OPEC Crude Oil Production March 2012-May 2012 (thousand barrels per day)
Rank 2012 | Country | Full Year 2011*[UPD] | Mar '12* | Apr '12* | May '12* (May '12**) |
1. | Saudi Arabia | 9,268 | 9,832 | 9,877 | 9,917 (9,807) |
2. | Iran | 3,621 | 3,313 | 3,210 | 3,138 (3,760) |
3. | Iraq | 2,666 | 2,807 | 2,994 | 2,952 (2,915) |
4. | Kuwait | 2,538 | 2,785 | 2,789 | 2,858 (3,000) |
5. | UAE | 2,517 | 2,578 | 2,587 | 2,578 (2,383) |
6. | Venezuela | 2,380 | 2,368 | 2,362 | 2,378 (2,826) |
7. | Nigeria | 2,111 | 2,085 | 2,175 | 2,126 (..) |
8. | Angola | 1,664 | 1,722 | 1,769 | 1,730 (1,762) |
9. | Libya | 462 | 1,340 | 1,394 | 1,452 (1,552) |
10. | Algeria | 1,240 | 1,222 | 1,217 | 1,197 (1,206) |
11. | Qatar | 794 | 789 | 778 | 757 (732) |
12. | Ecuador | 490 | 489 | 489 | 499 (498) |
Total OPEC*** | 29,751 | 31,329 | 31,640 | 31,582 (..) | |
*Based on secondary sources.
**Based on direct communication.
***Totals may not add up due to independent rounding.
Source: OPEC, Monthly Oil Market Report (MOMR), June 2012, p. 45, Tables 5.4 and 5.5 here.
(Update: Iranian crude oil production - 2,963,000 barrels per day - fell below that of Iraq - 2,984,000 b/d - in June 2012, according to the OPEC, Monthly Oil Market Report (MOMR), July 2012, p. 49, Table 5.4, citing secondary sources. Please compare this to the International Energy Agency/IEA's argument: "Symbolically, Iranian crude output [- 2,900,000 b/d -] fell below that of regional rival Iraq [- 3,020,000 b/d -] in July [2012] for the first time since the late 1980s [my emphasis -- D.R.]."---IEA, Oil Market Report (OMR), August 10, 2012, pp. 15-16 Update 2: Iraq's oil exports averaged 2.51 million barrels per day in August [2012]. The exports lift Iraq�s crude production to 3.18 million b/d for the month, similar to July's levels, and are a further indication that Iraq is solidifying its position as Opec�s second-largest producer after Saudi Arabia---please see EI, Energy Intelligence Briefing, Aug 31, 2012. Also, please see "OPEC's Top Crude Oil Producers, 2011-Jan. 2012," "OPEC's Top Crude Oil Producers, 2010-Jan. 2011," and "World's Top 23 Crude Oil Producers (including OPEC production), Nov 2011 - EIA," -- D.R.)
(Update: Iranian crude oil production - 2,963,000 barrels per day - fell below that of Iraq - 2,984,000 b/d - in June 2012, according to the OPEC, Monthly Oil Market Report (MOMR), July 2012, p. 49, Table 5.4, citing secondary sources. Please compare this to the International Energy Agency/IEA's argument: "Symbolically, Iranian crude output [- 2,900,000 b/d -] fell below that of regional rival Iraq [- 3,020,000 b/d -] in July [2012] for the first time since the late 1980s [my emphasis -- D.R.]."---IEA, Oil Market Report (OMR), August 10, 2012, pp. 15-16 Update 2: Iraq's oil exports averaged 2.51 million barrels per day in August [2012]. The exports lift Iraq�s crude production to 3.18 million b/d for the month, similar to July's levels, and are a further indication that Iraq is solidifying its position as Opec�s second-largest producer after Saudi Arabia---please see EI, Energy Intelligence Briefing, Aug 31, 2012. Also, please see "OPEC's Top Crude Oil Producers, 2011-Jan. 2012," "OPEC's Top Crude Oil Producers, 2010-Jan. 2011," and "World's Top 23 Crude Oil Producers (including OPEC production), Nov 2011 - EIA," -- D.R.)
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