Tag Archives: Bloomberg OPEC Survey

OPEC Production – January 2017 – Bloomberg Survey

  • OPEC cut output by 840,000 barrels a day last month, but has more work to do to fully comply with last year’s historic production deal.
  • The Organization of Petroleum Exporting Countries pumped 32.3 million barrels a day in January, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. The 10 members of the group that pledged to make cuts in Vienna two months ago implemented 83 percent of those reductions on average, but their efforts were offset by increases from Iran, Nigeria and Libya that were permitted under the terms of the agreement.
  • Full story from Bloomberg here.
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OPEC Production – September 2016 – Bloomberg Survey

  • OPEC Crude Output Rises to Record as Nigeria, Libya Boost Supply
  • Two members exempt from Algiers deal add 190,000 barrels a day
  • Overall production increased by 170,000 barrels a day from the previous month to 33.75 million barrels a day, the survey of analysts, oil companies and ship-tracking data showed. Nigeria and Libya added a combined 190,000 barrels a day which compensated for a drop in output from Saudi Arabia and Angola.
  • Full story from Bloomberg here.
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OPEC Production – April 2016 – Bloomberg Survey

  • Production surged in April, led by Iran, which is seeking to regain market share after sanctions were lifted early this year.
  • Bloomberg survey of oil companies, producers and analysts shows output up 484,000 bpd to 33.217 mbpd.
  • This is the most in monthly data compiled by Bloomberg going back to 1989, according to a survey of oil companies, producers and analysts.
  • Full story here.
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OPEC Production – January 2016 – Bloomberg Survey

  • The OPEC crude production climbed in January to the highest level in Bloomberg data going back 20 years as Indonesia’s membership was reactivated.
  • The Organization of Petroleum Exporting Countries boosted output by 48,000 barrels to 33.113mn barrels per day (bpd) in January 2016, according to a Bloomberg survey of oil companies, producers and analysts.
  • Full story here.
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