The new OPEC Monthly Oil Market Report is out with crude only production numbers for August 2016. All charts are through August 2016. (Click to enlarge) OPEC crude only production reached 33,237,000 barrels per day in August. This includes Gabon. (Click to enlarge) (Click to enlarge) Algeria is in slow decline. (Click to enlarge) Angola seems to be holding steady. (Click to enlarge) Ecuador was sharply down in August but seems to be holding steady for the last two years. (Click to enlarge) Gabon has been added to OPEC but their production is so low it will have little effect one way or the other. (Click to enlarge) Indonesia will also not affect OPEC production in a big way one way or the other. (Click to enlarge) Iran’s increase since sanctions were lifted has slowed to a crawl. There are other problems on the horizon for Iran. […]