All OPEC data below is from the OPEC Monthly Oil Market Report . All OPEC data is in thousand barrels per day and is through May 2018. OPEC 14 Crude oil production was up 35,000 barrels per day but that was after March production had been revised down by 32,000 bpd and April production was revised down by 89,000 bpd. Nigeria’s April production was revised down by 27,000 bpd and Saudi Arabia’s April production was revised down by 58,000 bpd. Nigeria’s March production was revised down by 26,000 bpd and their April production was revised down by 27,000 bpd. And still their May production was down by 53,500 bpd. Saudi Arabia’s April production was revised down by 58,000 bpd. Their March production was unrevised. Venezuela’s collapse continues. Equatorial Guinea was not a member of OPEC when quotas were set. Libya and Nigeria are not subject to quotas due to […]