The OPEC data for the charts below are from the OPEC Monthly Oil Market Report . and is thousand barrels per day. OPEC 14 was down 193,000 barrels per day in November but that was after October production had been revised up by 94,000 bpd. Algeria slightly increased production in November. Nevertheless, they are in a slow decline. Angola took a hit in November, down 75,000 barrels per day. They are now 197,000 barrels per day below their quota. Ecuador recovered from the huge hit they took in October but are still down 20,000 barrels per day from September. Ecuador will be leaving OPEC at the end of December. Gabon was down 23,000 bpd in November. Big hit for such a small producer. Iranian production was down another 45,000 bpd in November. I don’t understand why sanctions is hitting so much harder this time than the sanctions that began […]