Wednesday, September 12, 2007

OPEC quota level vs. production

OPEC quota level vs. production

The production values for the remainder of 2007 are as follows:
August through October are given the same level as July(26.7 mbpd). November and December are July's level plus 500,000 barrels per day (amount of September 11th effective increase).




Revision: According to the Marketwatch report I have posted above, OPEC has posted an official quota of 27.2 mbpd for November. There might be more revisions coming as the news reports get sorted out.

This article from Rigzone and Platts has a table with August production numbers. It shows total OPEC-10 production as 26.79 mbpd.