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OPEC February Production Data

OPEC February Production Data

The March OPEC Monthly Oil Market Report is out with the February production data. All data is through February 2o18 and is in thousand barrels per day,

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OPEC crude only production was down 77,000 barrels per day in February but that was after January production had been revised downward 40,000 barrels per day.

It seems most OPEC countries want to say they are producing less than what “secondary sources” say they are producing. Either they are correct or they are cheating on their quota.

Not much happening in Algeria. They just continue their slow decline.

Angola seems to be holding steady.

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