• 4 minutes China 2019 - Orwell was 35 years out
  • 7 minutes Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 11 minutes Trump will capitulate on the trade war
  • 14 minutes Glory to Hong Kong
  • 4 mins Bloomberg: shale slowing. Third wave of shale coming.
  • 25 mins Boring! See Ya Clowns, And Have Fun In Germany
  • 5 mins China's Blueprint For Global Power
  • 5 hours Crazy Stories From Round The World
  • 7 hours USA Carried Out Secret Cyber Strike On Iran In Wake Of Saudi Oil Attack
  • 31 mins 5 Tweets That Change The World?
  • 9 hours Shale Magic: SABIC, ExxonMobil break ground on US Gulf Coast petrochemical project
  • 5 hours ABC of Brexit, economy wise, where to find sites, links to articles ?
  • 4 hours the future
  • 9 hours Yesterday Angela Merkel stopped Trump technology war on China – the moral of the story is do not eavesdrop on ladies with high ethical standards
  • 5 hours Climate Protesters Blocking Roads etc...
  • 24 mins Leftists crying to make oil patch illegal friendly: 'Broken system' starves U.S. oil boom of immigrant workers: CONGRESS DO YOUR JOBS INSTEAD OF PANDERING!
Alt Text

Oil Discoveries Hit 70-Year Low

The last three years has…

Alt Text

Bearish Inventory Report Sends Oil Prices Lower

Crude oil prices fell further…

Ron Patterson

Ron Patterson

Ron Patterson is a retired computer engineer. He worked in Saudi Arabia for five years, two years at the Ghazlan Power Plant near Ras Tanura…

More Info

Premium Content

Libya And Nigeria Lead OPEC Production Boost

The below charts were created with data from the OPEC Monthly Oil Market Report and the data through September 2018.

(Click to enlarge)

OPEC crude production was up 132,000 barrels per day in September to 32,761,000 bpd. that is still 650,000 barrels per day below their all-time high in October of 2016.

(Click to enlarge)

August production was revised up by 63,000 bpd so production was actually up 195,000 bpd from what was reported last month.

(Click to enlarge)

(Click to enlarge)

(Click to enlarge)

(Click to enlarge)

(Click to enlarge)

(Click to enlarge)

(Click to enlarge)

Iranian production was down 150,000 barrels per day in September. Sanctions are beginning to have an effect.

(Click to enlarge)

Iraqi production was up only slightly in September but they seem to be holding at their new all time high.

(Click to enlarge)

Kuwait was also up slightly in September. I think they will be holding at this level for awhile.

(Click to enlarge)

Libya was up 103,000 barrels per day in September.

(Click to enlarge)

Nigeria was up 26,000 barrels per day in September.

(Click to enlarge)

(Click to enlarge)

Saudi Arabia was up 108,000 barrels per day in September. They are now only 114,000 bpd below their high in December 2016.

(Click to enlarge)

The UAE was up 30,000 bpd in September. They are 86,000 barrels per day below their high in December 2006.

And Venezuela continues to plunge toward total collapse.

(Click to enlarge)

OPEC big 5 was flat in September. Declines from Iran was offset by gains from the other four.

(Click to enlarge)

The other 10 OPEC producers were up 130,000 barrels per day in September in addition to the 345,000 bpd it was up in August. The lion’s share of this increase came from Libya and Nigeria.

(Click to enlarge)

If OPEC’s data is correct, then the world reached a new all-time high is total liquids production in September.

By Peak Oil Barrel

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play