OPEC Production Rises to 23.63 mb/d as Output Increases

The reported OPEC total is 23.63 million barrels per day. Track production by country, quota compliance, and monthly trends.

23.632mb/d

OPEC Total

+1.63MoM

Production month: 2026-07

Report published: 2026-08

12

Member Nations

Unavailable

Quota Compliance

Unavailable

OPEC+ Total

Figures come from the report published above. OPEC+ totals and aggregate quota compliance are not available in this dataset.

Top OPEC Producers

OPEC Production History

Dates show report publication months.

All OPEC Members

OPEC Production by Country

Country
Production (mb/d)
Quota (mb/d)
Compliance
MoM (mb/d)
% of OPEC (calculated)
Saudi Arabia7.35โ€”โ€”+0.5131.1%
UAE3.78โ€”โ€”-0.0316.0%
Iraq2.62โ€”โ€”+0.6511.1%
Iran2.48โ€”โ€”+0.0410.5%
Kuwait1.84โ€”โ€”+0.397.8%
Nigeria1.55โ€”โ€”-0.016.5%
Libya1.36โ€”โ€”+0.045.8%
Venezuela1.12โ€”โ€”+0.054.7%
Algeria0.99โ€”โ€”+0.014.2%
Congo0.27โ€”โ€”0.001.2%
Gabon0.21โ€”โ€”-0.020.9%
Equatorial Guinea0.06โ€”โ€”+0.010.2%

About OPEC

The Organization of the Petroleum Exporting Countries (OPEC) was founded in 1960 by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Today, OPEC coordinates petroleum policies among member countries to ensure fair and stable prices for petroleum producers and a regular supply for consumers.

Founded:1960 (Baghdad)
Headquarters:Vienna, Austria
Members:12 countries
OPEC+ Formed:2016

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OPEC 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.

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