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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