OPEC August Production Flat
All charts below are in thousand barrels per day with the last data point August 2015.
Not much has happened since June, OPEC 12 production was up 12,000 bpd in August that is well within the margin of error.
All my charts are taken from what OPEC calls “secondary sources” OPEC nations, especially Iran and Venezuela, often lie about their production. But from the chart above you can see exactly who was up and who was down in August, and by how much.
Saudi is holding steady, producing 10,362,000 barrels per day in August. However Saudi is up 700,000 bpd since February.
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