• OPEC remains in full compliance with the agreed production deal in February

Market news

15 March 2017

OPEC remains in full compliance with the agreed production deal in February


Target as per OPEC deal

(million barrel per day)

February production

(million barrel per day)

January production

(million barrel per day)


Algeria

1.039

1.053

1.053

Angola

1.673

1.641

1.659

Ecuador

0.522

0.526

0.531

Gabon

0.193

0.194

0.201

Iran

3.797

3.814

3.778

Iraq

4.351

4.414

4.476

Kuwait

2.707

2.709

2.718

Qatar

0.618

0.622

0.623

Saudi Arabia

10.058

9.797

9.865

UAE

2.874

2.925

2.962

Venezuela

1.972

1.987

2.003

Total

29.804

29.682

29.869

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