OPEC Production Rises to 23.63 mb/d as Output Increases
OPEC crude oil production increased to 23.63 million barrels per day for 2026-07. Saudi Arabia leads OPEC output at 7.35 mb/d (31.1% of total).
OPEC Production
Production month: 2026-07
Report published: 2026-08
OPEC+ Total
US Production
OPEC+ Compliance
Figures come from the report published above. US output, OPEC+ totals, and aggregate quota compliance are not available in this dataset.
OPEC Production History
Dates show report publication months.
Production by Country
OPEC Production by Country
Country | Production (mb/d) | Quota (mb/d) | Compliance | MoM (mb/d) | % of OPEC (calculated) |
|---|---|---|---|---|---|
| Saudi Arabia | 7.35 | — | — | +0.51 | 31.1% |
| UAE | 3.78 | — | — | -0.03 | 16.0% |
| Iraq | 2.62 | — | — | +0.65 | 11.1% |
| Iran | 2.48 | — | — | +0.04 | 10.5% |
| Kuwait | 1.84 | — | — | +0.39 | 7.8% |
| Nigeria | 1.55 | — | — | -0.01 | 6.5% |
| Libya | 1.36 | — | — | +0.04 | 5.8% |
| Venezuela | 1.12 | — | — | +0.05 | 4.7% |
| Algeria | 0.99 | — | — | +0.01 | 4.2% |
| Congo | 0.27 | — | — | 0.00 | 1.2% |
| Gabon | 0.21 | — | — | -0.02 | 0.9% |
| Equatorial Guinea | 0.06 | — | — | +0.01 | 0.2% |
OPEC+ Countries
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OPEC Production FAQ
OPEC+ refers to the alliance between the 13 OPEC member nations and 10 non-OPEC oil producers, including Russia, that coordinate production policies. The expanded group controls over 50% of global oil production and holds significant market influence.
OPEC ministers meet regularly (typically monthly or quarterly) to assess market conditions and set production targets for member nations. Quotas are adjusted based on global demand forecasts, inventory levels, and price targets, with each country assigned a specific output ceiling.
OPEC compliance measures how closely member nations adhere to their production quotas. A compliance rate above 100% means countries are producing less than their quota (over-complying), while below 100% indicates overproduction. Historically, compliance varies widely by country.
Saudi Arabia leads OPEC production at around 9-10 million barrels per day, followed by Iraq, UAE, and Kuwait. Together, Gulf Cooperation Council (GCC) members account for roughly 60% of OPEC output.