The March OPEC Monthly Oil Market Report is out with the February production data. All data is through February 2018 and is in thousand barrels per day. (Click to enlarge) OPEC crude only production was down 77,000 barrels per day in February but that was after January production had been revised downward 40,000 barrels per day. (Click to enlarge) (Click to enlarge) It seems most OPEC countries want to say they are producing less than what “secondary sources” say they are producing. Either they are correct, or they are cheating on their quota. (Click to enlarge) Not much happening in Algeria. They just continue their slow decline. (Click to enlarge) Angola seems to be holding steady. (Click to enlarge) Ecuador was up less than a thousand bpd in February, but their decline continues since their 2015 peak. (Click to enlarge) Nothing much is happening in Equatorial Guinea. (Click to […]