Qatar has left OPEC and is not included in this months report. All Qatar historical data has been removed from all OPEC charts. OPEC 14 production was down by 751,000 barrels per day in December. That was after November production had been revised downward by 23,000 barrels per day. Here you can see who had the big declines in December. Iran is now at about the average they held during the previous sanctions period. Iraq reached a new all-time high in December of 4,714,000 bpd. That was up 88,000 bpd from November. Kuwait also increased production in December, up 29,000 bpt to 2,800,000 bpd. Libya is still having serious political problems. Nigeria is also having political problems but it is hard to […]