{"id":57138,"date":"2021-03-17T07:32:45","date_gmt":"2021-03-17T12:32:45","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57138"},"modified":"2021-03-17T07:32:45","modified_gmt":"2021-03-17T12:32:45","slug":"opec-update-march-2021","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57138","title":{"rendered":"OPEC Update, March 2021"},"content":{"rendered":"<header class=\"entry-header page-header\">\n<h3 class=\"entry-title \"><a href=\"http:\/\/peakoilbarrel.com\/opec-update-march-2021\/?fbclid=IwAR2VfK9IojwuuxCkznZZCKyJQaTL8NwBBYUc53QF2kgpqCD_ohGNTFLbCjs\">OPEC Update, March 2021<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\">\n<p>The\u00a0<a href=\"https:\/\/www.opec.org\/opec_web\/en\/publications\/338.htm\" target=\"_blank\" rel=\"noreferrer noopener\">OPEC Monthly Oil Market Report<\/a>\u00a0for March 2021 was published this past week. The last month reported in each of the charts that follow is February 2021 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb\/d). The numbers at the left side of the graphs show February 2021 output (and in some cases the trailing 12 month average output).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30646\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312b.png\" sizes=\"auto, (max-width: 1262px) 100vw, 1262px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312b.png 1262w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312b-800x410.png 800w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312b-150x77.png 150w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312b-768x394.png 768w\" alt=\"\" width=\"1262\" height=\"647\" \/><figcaption>Figure 1<\/figcaption><\/figure>\n<p><span id=\"more-30649\"><\/span><\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30647\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312a.png\" sizes=\"auto, (max-width: 1460px) 100vw, 1460px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312a.png 1460w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312a-800x389.png 800w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312a-150x73.png 150w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312a-768x373.png 768w\" alt=\"\" width=\"1460\" height=\"710\" \/><figcaption>Figure 2<\/figcaption><\/figure>\n<p>OPEC crude output decreased by 647 kb\/d in February 2021, total OPEC crude output for January 2021 was not revised from last month\u2019s report. Most of the decrease in OPEC output was due to a cutback in Saudi Arabia\u2019s output by 930 kb\/d from January to February 2021.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30645\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312c.png\" sizes=\"auto, (max-width: 1262px) 100vw, 1262px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312c.png 1262w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312c-800x410.png 800w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312c-150x77.png 150w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312c-768x394.png 768w\" alt=\"\" width=\"1262\" height=\"647\" \/><figcaption>Figure 3<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30644\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312d.png\" sizes=\"auto, (max-width: 1262px) 100vw, 1262px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312d.png 1262w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312d-800x410.png 800w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312d-150x77.png 150w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312d-768x394.png 768w\" alt=\"\" width=\"1262\" height=\"647\" \/><figcaption>Figure 4<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30643\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312e.png\" sizes=\"auto, (max-width: 1262px) 100vw, 1262px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312e.png 1262w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312e-800x410.png 800w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312e-150x77.png 150w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312e-768x394.png 768w\" alt=\"\" width=\"1262\" height=\"647\" \/><figcaption>Figure 5<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30642\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312f.png\" sizes=\"auto, (max-width: 1262px) 100vw, 1262px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312f.png 1262w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312f-800x410.png 800w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312f-150x77.png 150w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312f-768x394.png 768w\" alt=\"\" width=\"1262\" height=\"647\" \/><figcaption>Figure 6<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30641\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312g.png\" sizes=\"auto, (max-width: 1262px) 100vw, 1262px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312g.png 1262w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312g-800x410.png 800w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312g-150x77.png 150w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312g-768x394.png 768w\" alt=\"\" width=\"1262\" height=\"647\" \/><figcaption>Figure 7<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30640\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312h.png\" sizes=\"auto, (max-width: 1262px) 100vw, 1262px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312h.png 1262w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312h-800x410.png 800w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312h-150x77.png 150w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312h-768x394.png 768w\" alt=\"\" width=\"1262\" height=\"647\" \/><figcaption>Figure 8<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30639\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312i.png\" sizes=\"auto, (max-width: 1262px) 100vw, 1262px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312i.png 1262w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312i-800x410.png 800w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312i-150x77.png 150w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312i-768x394.png 768w\" alt=\"\" width=\"1262\" height=\"647\" \/><figcaption>Figure 9<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30638\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312j.png\" sizes=\"auto, (max-width: 1262px) 100vw, 1262px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312j.png 1262w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312j-800x410.png 800w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312j-150x77.png 150w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312j-768x394.png 768w\" alt=\"\" width=\"1262\" height=\"647\" \/><figcaption>Figure 10<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30637\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312k.png\" sizes=\"auto, (max-width: 1262px) 100vw, 1262px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312k.png 1262w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312k-800x410.png 800w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312k-150x77.png 150w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312k-768x394.png 768w\" alt=\"\" width=\"1262\" height=\"647\" \/><figcaption>Figure 11<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-30636\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312l.png\" sizes=\"auto, (max-width: 1262px) 100vw, 1262px\" srcset=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312l.png 1262w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312l-800x410.png 800w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312l-150x77.png 150w, http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2021\/03\/blog210312l-768x394.png 768w\" alt=\"\" width=\"1262\" height=\"647\" \/><figcaption>Figure 12<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><figcaption>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<p>Dennis Coyne, OPEC, oil , oil production, peak oil barrel<\/figcaption><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>OPEC Update, March 2021 The\u00a0OPEC Monthly Oil Market Report\u00a0for March 2021 was published this past week. The last month reported in each of the charts that follow is February 2021 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb\/d). The numbers at the left side of the [&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":[11379,588,595,600,6245],"class_list":["post-57138","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-dennis-coyne","tag-oil","tag-oil-production","tag-opec","tag-peak-oil-barrel"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57138","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=57138"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57138\/revisions"}],"predecessor-version":[{"id":57139,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57138\/revisions\/57139"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}