{"id":18910,"date":"2016-03-16T12:04:41","date_gmt":"2016-03-16T17:04:41","guid":{"rendered":"http:\/\/olduvai.ca\/?p=18910"},"modified":"2016-03-16T12:04:41","modified_gmt":"2016-03-16T17:04:41","slug":"opec-declines-in-february-despite-huge-iran-increase","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=18910","title":{"rendered":"OPEC Declines in February Despite Huge Iran Increase"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"http:\/\/peakoilbarrel.com\/opec-declines-in-february-despite-huge-iran-increase\/\" target=\"_blank\">OPEC Declines in February Despite Huge Iran Increase<\/a><\/h3>\n<div class=\"entry-meta\"><strong>All charts are through February 2016<\/strong><\/div>\n<\/header>\n<div class=\"entry-content\">\n<p>The\u00a0<a href=\"http:\/\/www.opec.org\/opec_web\/static_files_project\/media\/downloads\/publications\/MOMR%20March%202016.pdf\">OPEC Monthly Oil Market Report<\/a>\u00a0just came out. The charts are\u00a0<strong>\u201cCrude Only\u201d<\/strong>production and do not reflect condensate production.<\/p>\n<p>Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. OPEC is now 13 nations with the the addition of Indonesia.<\/p>\n<p>All Data is in thousand barrels per day.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12020\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/OPEC-13.jpg\" sizes=\"auto, (max-width: 773px) 100vw, 773px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/OPEC-13-300x170.jpg 300x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/OPEC-13-768x434.jpg 768x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/OPEC-13.jpg 773x\" alt=\"OPEC 13\" width=\"773\" height=\"437\" \/><\/p>\n<p>OPEC production was down 174,800 barrels per day in February<span id=\"more-12041\"><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12021\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/Secondary-Sources-2.jpg\" sizes=\"auto, (max-width: 570px) 100vw, 570px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/Secondary-Sources-2-300x141.jpg 300x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/Secondary-Sources-2.jpg 570x\" alt=\"Secondary Sources\" width=\"570\" height=\"268\" \/><\/p>\n<p>OPEC uses secondary sources such as Platts and other agencies to report their production numbers. These numbers are pretty accurate and usually have only slight revisions month to month. The big gainer in February was Iran. The big losers were Iraq, Nigeria and the United Arab Emirates.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12022\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/Algeria-1.png\" sizes=\"auto, (max-width: 771px) 100vw, 771px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/Algeria-1-300x172.png 300x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/Algeria-1-768x441.png 768x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/Algeria-1.png 771x\" alt=\"Algeria\" width=\"771\" height=\"443\" \/><\/p>\n<p>Algeria peaked in November 2007 and has been in a steady decline since that point.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-12023\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/Angola-1.png\" sizes=\"auto, (max-width: 772px) 100vw, 772px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/Angola-1-300x173.png 300x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/Angola-1-768x444.png 768x, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2013\/08\/Angola-1.png 772x\" alt=\"Angola\" width=\"772\" height=\"446\" \/><\/p>\n<p>Angola has been holding steady since peaking in 2008 and 2010.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>OPEC Declines in February Despite Huge Iran Increase All charts are through February 2016 The\u00a0OPEC Monthly Oil Market Report\u00a0just came out. The charts are\u00a0\u201cCrude Only\u201dproduction and do not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. OPEC is now 13 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[184,595,600,6245,6074],"class_list":["post-18910","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-crude-oil","tag-oil-production","tag-opec","tag-peak-oil-barrel","tag-ron-patterson"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18910"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18910\/revisions"}],"predecessor-version":[{"id":18911,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/18910\/revisions\/18911"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}