OPEC says Saudi production rose in July

Saudi Arabia reported its crude oil production increased 123,000 b/d in July over June to reach an average total for the month of 10.67 million b/d, the Organization of Petroleum Exporting Countries said in its Monthly Oil Report Aug. 10.

Since the oil-price slump started in late 2014, Saudi Arabia has resisted pressure from other producers to cut production.

OPEC reports crude production based on direct communication from its members and also reports crude production based on secondary sources such as shippers, analysts, and industry. Secondary sources told OPEC that Saudi production rose 30,100 b/d during July over June to a July total of 10.47 million b/d.

For all of OPEC, secondary sources indicated July crude oil production averaged 33.11 million b/d, an increase of 46,400 b/d over June.

Crude oil production from individual cartel members increased the most from Iraq.

Iraq reported July production was up 57,000 b/d to 4.6 million b/d, OPEC said. Secondary sources estimated Iraq’s July production at 4.3 million b/d, OPEC said.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...