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  1. Monthly Oil Market Report 2022. The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market ...

    • Annual Report

      The OPEC Annual Report features a foreword by the Secretary...

  2. May 9, 2023 · OPEC and OPEC+ countries combined produced about 59% of global oil production, 48 million b/d in 2022, and so influence global oil market balances and oil prices now more than ever. More recent production agreements have exempted Iran and Libya because of sanctions and other instability in crude oil output.

  3. Despite the disruption to Russian oil supplies, lower demand expectations, steady output increases from OPEC+ members along with the US and other non OPEC+ countries, and massive stock releases from IEA member countries should prevent a sharp deficit from developing.

  4. Nov 11, 2022 · OPEC produces about 40% of the world’s crude oil and its members’ exports make up around 60% of global petroleum trade. The group aims to regulate global oil prices by coordinating on reductions or increases in production.

  5. oil industry, ranging from exploration and production to refining and transportation. The ASB is distinctive in providing comprehensive statistical data on oil and gas activities in each of the 13 OPEC Member Countries: Algeria, Angola, Congo, Equatorial Guinea, Gabon, the Islamic Republic of Iran,

  6. Oct 13, 2022 · The massive cut in OPEC+ oil supply increases energy security risks worldwide. Even taking into account lower demand expectations, it will sharply reduce a much needed build in oil stocks through the rest of this year and into the first half of 2023.

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  8. Feb 11, 2022 · Global oil supply rose by 560 kb/d to 98.7 mb/d in January, but the uptrend was slowed by a chronic OPEC+ under-performance versus targets that has taken 300 mb of oil off the market since the start of 2021. If OPEC+ cuts are fully unwound, world oil output could rise by 6.3 mb/d in 2022.

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