OPEC oil data – Jul 2019

Published at 15:39 9 Aug 2019 by . Last edited 11:18 22 Aug 2019.

We estimate OPEC production fell m/m by 0.17 mb/d to 29.73 mb/d in July. Average compliance with the OPEC+ agreement rose to 116%. Output is now more than 2 mb/d lower y/y, though this is on a high base due to a ramp-up in OPEC production over summer 2018. Saudi Arabia cut production by 0.13 mb/d m/...

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