Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Oil in Global Economy Series: Platts’ survey suggests OPEC production at 32.46 million barrels per day in January

Platts has released its January oil market production survey and it suggests that OPEC production is set for a rise in January compared to the December, including Nigeria and Libya. The gap is calculated based on Platts’ survey and secondary production data from OPEC. Data based on Platts’ survey, however, shows 60,000 barrels decline compared to December.  Below are the production details of individual countries.

WTI is currently trading at $60.6 per barrel and Brent at $3.8 per barrel premium to WTI.

 

Target as per OPEC deal
 (million barrel per day)


January production based on Platts’ survey
 (million barrel per day)

 

December production based on OPEC report
 (million barrel per day)

Algeria

1.039

1.04

 

1.037

Angola

1.673

1.61

 

1.633

Ecuador

0.522

0.52

 

0.526

Gabon

0.193

0.20

 

0.197

Iran

3.797

3.83

 

3.829

Iraq

4.351

4.41

 

4.405

Kuwait

2.707

2.71

 

2.7

Qatar

0.618

0.60

 

0.594

Saudi Arabia

10.058

9.99

 

9.918

UAE

2.874

2.86

 

2.878

Venezuela

1.972

1.64

 

1.745

total

29.804

29.41

 

29.462

 

  • According to the survey, Libya, produced around 0.98 million barrels per day in January and Nigeria produced 1.93 million barrels per day.
  • Total OPEC production for January was at 32.46 million barrels per day, compared to 32.416 million barrels per day production in December (based on OPEC report).

 

 

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

May 25 16:00 UTC Released

USCattle Marketed

Actual

106 %

Forecast

106 %

Previous

96 %

May 25 16:00 UTC Released

USCattle On Feed

Actual

105 %

Forecast

104.9 %

Previous

107 %

January 31 00:00 UTC 167631167631m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 167631167631m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 179451179451m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 167631167631m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 179451179451m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 167631167631m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 167631167631m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 167631167631m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.