May 31, 2024 · OPEC Crude Oil Production is at a current level of 28.37M, down from 29.08M last month and down from 28.91M one year ago. This is a change of -2.44% from last month and -1.84% from one year ago. In depth view into OPEC Crude Oil Production including historical data from 1973 to 2024, charts and stats.

OPEC Member Countries’ historical production data, directly communicated or based on secondary sources, are available in OPEC’s Monthly Oil Market Reports. These reports can be viewed here.

The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.

Aug 8, 2024 · OPEC is responsible for more than 35 percent of worldwide crude oil production. The Organization of the Petroleum Exporting Countries (OPEC) is an assembly of oil-producing countries which...

2 days ago · OPEC and Saudi spare oil production capacity. By Reuters. February 4, 2025 5:40 PM UTC Updated ago. A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside ...

1 day ago · OPEC’s oil production declined in January for a second consecutive month amid lower output from Iran and Nigeria, according to the monthly Reuters survey published on Wednesday.. Last month, all ...

The OPEC MOMR provides a detailed analysis of oil market developments, including oil supply and demand levels, and trends in the world economy.

Jan 14, 2025 · Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. This organization seeks to actively manage oil production in its member countries by setting production targets.

Oil data: upstream World crude production Time Series 2-year moving average 3-year moving average 4-year moving average 5-year moving average Share in 2023

In 2023, for example, global oil demand expanded, year-on-year, by 2.6 million barrels of oil a day (mb/d) to reach an average of 102.2 mb/d. In addition, demand grew in almost every region, with the non-OECD leading the way.