The OPEC 14 was up 136,000 barrels per day in August.

Nothing happening in Algeriaexcept a slow decline.

Ditto for Angola.

Iran’s sanctions decline seems to be slowing down.

Iraq is still producing flat out. They reached a new all-time high in August. According to an article I read last week, this is really pissing Saudi Arabia off.

Except for Kuwait’s share of the Neutral Zone, I believe Kuwait is producing flat out.

Libya is still having political problems and that is affecting their production level. But I am not sure just how much it is being affected.



Saudi Arabia has apparently cut as much as they are going to cut.

The UAE made heroic efforts to increase production last October, November, and December in order to get a high quota number. I think they are producing flat out right now.

Venezuela has produced relatively steady for the last six months. They may have bottomed out until the government totally collapses, if it does.



Iraq and Nigeria are totally ignoring their quota.



Also from the MOMR we find this:

Non-OPEC oil supply growth for 2019 was revised up by 10 tb/d from last month’s projections to 1.99 mb/d. Upward revisions to oil production from Russia, Kazakhstan, Australia and Canada outpaced a downward revision to the US oil supply forecast.

The OPEC charts below were produced from data published in the OPEC Monthly Oil Market Report

Interesting, this month, a downward revision in US oil supply forecast.

Russian oil production was up 139,000 barrels per day in August.

OPEC + Russia was up 281,000 barrels per day in August.