All OPEC charts below were taken from the OPEC Oil Market Report . The data is in thousand barrels per day and is through October 2019 OPEC 14 bounced back from last month’s decline. And there were major revisions in the September data. Saudi Arabia’s September production was revised up 232,000 bpd, Nigeria’s production revised up by 96,000 bpd and OPEC 14 September production was revised up by 316,000 bpd. The big gainer in October was Saudi Arabia. Apparently they have fully recovered from the attack by Iran. The big loser was Ecuador who is leaving OPEC at the end of the year. Nothing exciting is happening in Algeria. Angola is clearly in decline. The Republic of the congo produced 325,000 bpd in October. Not important. Ecuadorian crude oil production fell 100,000 bpd in October. No, it’s not a typo because direct communications said they fell 80,000 bpd. Equatorial […]