TABLE — OPEC oil output rises by 1.78 million bpd in September, Reuters survey finds
LONDON, Oct 16 (Reuters) — The following table shows crude output by the Organization of the Petroleum Exporting Countries in millions of barrels per day in September and August, according to a Reuters survey on Friday. The outbreak of the Iran war on February 28 forced large production shutdowns in Gulf nations due to the effective closure of the Strait of Hormuz. As a result, OPEC+ Gulf members cannot deliver on pledged production increases they have made since April. The figures in the first and second columns are in millions of barrels per day. Totals are rounded. The United Arab Emirates left OPEC on May 1. Septemb August Change Septembe Under/over er vs. r output output August target target Algeria 1.01 1.00 10,000 1,007,00 3,000 0 Congo 0.27 0.27 0 277,000 -7,000 Eq. Guinea 0.05 0.05 0 70,000 -20,000 Gabon 0.22 0.22 0 169,000 51,000 Iraq 4.10 3.20 900,000 4,431,00 -331,000 0 Kuwait 1.77 1.99 -220,00 2,676,00 -906,000 0 0 Nigeria 1.67 1.65 20,000 1,500,00 170,000 0 Saudi Arabia 8.20 7.00 1,200,0 10,478,0 -2,278,000 00 00 TOTAL OPEC 8 17.29 15.38 1,910,0 20,608,0 -3,318,000 00 00 Iran 1.75 1.85 -100,00 0 Libya 1.28 1.33 -50,000 Venezuela 1.17 1.15 20,000 TOTAL OPEC 21.49 19.71
LONDON, Oct 16 (Reuters) — The following table shows crude output by the Organization of the Petroleum Exporting Countries in millions of barrels per day in September and August, according to a Reuters survey on Friday. The outbreak of the Iran war on February 28 forced large production shutdowns in Gulf nations due to the effective closure of the Strait of Hormuz. As a result, OPEC+ Gulf members cannot deliver on pledged production increases they have made since April. The figures in the first and second columns are in millions of barrels per day.
Totals are rounded. The United Arab Emirates left OPEC on May 1. Septemb August Change Septembe Under/over er vs. r output output August target target Algeria 1.01 1.00 10,000 1,007,00 3,000 0 Congo 0.27 0.27 0 277,000 -7,000 Eq.
Guinea 0.05 0.05 0 70,000 -20,000 Gabon 0.22 0.22 0 169,000 51,000 Iraq 4.10 3.20 900,000 4,431,00 -331,000 0 Kuwait 1.77 1.99 -220,00 2,676,00 -906,000 0 0 Nigeria 1.67 1.65 20,000 1,500,00 170,000 0 Saudi Arabia 8.20 7.00 1,200,0 10,478,0 -2,278,000 00 00 TOTAL OPEC 8 17.29 15.38 1,910,0 20,608,0 -3,318,000 00 00 Iran 1.75 1.85 -100,00 0 Libya 1.28 1.33 -50,000 Venezuela 1.17 1.15 20,000 TOTAL OPEC 21.49 19.71 1,780,0 11 00 Output target as announced by OPEC+. Iran, Libya and Venezuela are exempt from OPEC output agreements. The Reuters survey aims to assess crude supply to the market, defined to exclude movements to, but not sales from, storage.
Saudi and Kuwaiti data includes the Neutral Zone. Venezuelan data includes upgraded synthetic oil. Nigerian crude output includes the Agbami and Egina streams and excludes Akpo condensate. (Reporting by Alex Lawler.
Additional reporting by Ahmad Ghaddar. Editing by Mark Potter) ((alex.lawler@thomsonreuters.com)