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TABLE-OPEC oil output falls 60,000 bpd in January, Reuters survey finds
Energy +0.29%
Energy TENI.SA | 4892.20 | +0.29% |
LONDON, Feb 9 (Reuters) - The following table shows crude output by the Organization of the Petroleum Exporting Countries in millions of barrels per day in January and December, according to a Reuters survey published on Monday.
OPEC and its allies, collectively known as OPEC+, began to raise output from April 2025 and so far have agreed increases until December 2025. Most of the output cuts agreed since 2022 remain in place.
The figures in the first and second columns are in millions of barrels per day. Totals are rounded.
January output |
December |
Change vs.December |
January target |
Target including compensation cut |
Under/ |
|
Algeria |
0.960 |
0.960 |
0 |
971,000 |
971,000 |
-11,000 |
Congo |
0.250 |
0.250 |
0 |
277,000 |
277,000 |
-27,000 |
Eq. Guinea |
0.050 |
0.050 |
0 |
70,000 |
70,000 |
-20,000 |
Gabon |
0.230 |
0.230 |
0 |
169,000 |
169,000 |
61,000 |
Iraq |
4.100 |
4.050 |
50,000 |
4,273,000 |
4,153,000 |
-53,000 |
Kuwait |
2.550 |
2.550 |
0 |
2,580,000 |
2,580,000 |
-30,000 |
Nigeria |
1.470 |
1.530 |
-60,000 |
1,500,000 |
1,500,000 |
-30,000 |
Saudi Arabia |
10.000 |
9.980 |
20,000 |
10,103,000 |
10,103,000 |
-103,000 |
UAE |
3.370 |
3.380 |
-10,000 |
3,411,000 |
3,401,000 |
-31,000 |
TOTAL OPEC 9 |
22.980 |
22.980 |
0 |
23,354,000 |
23,224,000 |
-244,000 |
Iran |
3.200 |
3.240 |
-40,000 |
|||
Libya |
1.250 |
1.300 |
-50,000 |
|
||
Venezuela |
0.910 |
0.880 |
30,000 |
|||
TOTAL OPEC 12 |
28.34 |
28.40 |
-60,000 |
*Output target as announced by OPEC+. January quotas for Iraq and the UAE are Reuters calculations based on OPEC+'s announced quotas and announced compensation plans for earlier overproduction.
Iran, Libya and Venezuela are exempt from OPEC output agreements.
The Reuters survey aims to assess crude supply to 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.
