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Politics : Rat's Nest - Chronicles of Collapse

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From: Wharf Rat1/30/2023 8:57:45 PM
   of 23912
 
OPEC Update, January 2023
01/27/2023 D Coyne

The OPEC Monthly Oil Market Report (MOMR) for January 2023 was published recently. The last month reported in most of the OPEC charts that follow is December 2022 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In most of the OPEC charts that follow the blue line is monthly output and the red line is the centered twelve month average (CTMA) output.

Figure 1
Figure 2
OPEC crude output was revised lower in October 2022 by 12 kb/d compared to last month’s report and November 2022 OPEC crude output was revised higher by 53 kb/d. OPEC output has increased by 1088 kb/d since December 2021, from 27883 kb/d to 28971 kb/d in December 2022. When the World was at its centered twelve month average peak for C+C output in August 2018, OPEC crude output was 31237 kb/d (as shown on the chart), December 2022 OPEC crude output was 2266 kb/d below that level.

peakoilbarrel.com
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