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An inventory of Iraq's oil exports during 2024.. How did the OPEC reduction affect?
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Economy News - Baghdad
[rtl]Oil exports rose in February after OPEC+ quota cuts weakened Iraqi exports in January.[/rtl]
[rtl]Iraq's oil exports rebounded in February to an average of 3.434 million barrels per day, according to the Ministry of Oil, after declining to 3.339 million barrels per day in January.[/rtl]
[rtl]The Ministry of Oil usually publishes monthly revenue figures alongside export data, but it has not yet announced its oil revenues as of February. An analysis of the Iraqi oil report based on global benchmark pricing data and Iraqi pricing formulas indicates that monthly revenues amounted to approximately $7.6 billion.[/rtl]
[rtl]The ministry reported $8.026 billion in oil sales in January, as global prices rose nearly 4 percent last month, but the estimated monthly revenue figure for February is lower because there are fewer days in the month.[/rtl]
[rtl]The country's oil exports rose to nearly 3.5 million barrels per day in the last quarter of 2023, but fell slightly at the start of the new year, partly reflecting Iraq's efforts to adhere to an OPEC+ quota that was supposed to take total production from 4.220 million barrels per day. It fell to 3.997 million barrels per day starting in January.[/rtl]
[rtl]Compliance is measured by OPEC's so-called secondary sources, a collection of industry groups and publications, which estimated Iraq's production in January at 4.194 million barrels per day - nearly 200,000 barrels per day above the quota. Many secondary sources prepare aggregate production assessments by combining export data with estimates of domestic consumption.[/rtl]
[rtl]The Iraq Oil Report also compiles monthly assessments of Iraq's crude oil production based on independently collected data from producing oil fields. In January, this methodology showed that nationwide production was about 4.54 million barrels per day, which represents a decrease of 90 thousand barrels per day from December 2023.[/rtl]
[rtl]The Oil Ministry said average January production reached only 3.979 million barrels per day.[/rtl]
[rtl]National exports averaged more than 3.7 million barrels per day in 2022 and the first two months of 2023, but Iraq lost a major export outlet in March 2023 when the northern pipeline route to the Turkish port of Ceyhan was cut off. These flows remain blocked due to a range of unresolved political and commercial issues.[/rtl]
[rtl]The northern pipeline transported about 400,000 barrels per day of crude oil produced under the authority of the Kurdistan Regional Government and about 70,000 barrels per day from fields managed by the Kirkuk-based North Oil Company, which is affiliated with the federal government. Since the pipeline closure, KRG production has rebounded to about 260,000 bpd as crude is sold in the local market, while National Oil Corporation production has fallen from about 330,000 bpd before the pipeline closure to about 270,000 bpd in January.[/rtl]
[rtl]Even if Iraq were not restricted by the OPEC+ policy, the country would not be able to export more oil due to infrastructure bottlenecks.[/rtl]
[rtl]The pipelines feeding the Basra Export Terminal (ABOT) are decades past their intended lifespan and are operating at a fraction of their nominal capacity. Iraq's other major export system - a series of single-point mooring (SPM) buoys in Basra Bay - is operating at about half its nominal capacity due to limited onshore pumping.[/rtl]
[rtl]Iraq is moving forward with the implementation of multiple projects that will increasingly increase its export capabilities, the earliest of which could be completed within a year.[/rtl]
[rtl]Almost all of Iraq's exports flow through the ABOT and SPM systems. The country also sold 34,000 barrels per day of heavy crude from the Qayyarah oil field, which is transported by land from Nineveh Governorate and then exported through the Khor Al-Zubair port in Basra. Iraq also exported 15,000 barrels per day via trucks to Jordan, according to Oil Ministry figures.[/rtl]
[rtl]Below are the Iraqi Federal Government's average daily crude oil exports and total revenues, by month, as reported by the Ministry of Oil since 2011. *These figures do not include oil sold independently by the KRG.[/rtl]
[rtl]2024[/rtl]
[rtl]February 2023: 3.434 million barrels per day - $7.6 billion (estimated)[/rtl]
[rtl]January 2023: 3.339 million barrels per day - $8.026 billion[/rtl]
[rtl]2023[/rtl]
[rtl]Average daily total for 2023: 3.376 million barrels per day[/rtl]
[rtl]Total revenues for 2023: $97.527 billion[/rtl]
[rtl]December 2023: 3.486 million barrels per day - $8.311 billion[/rtl]
[rtl]November 2023: 3.433 million barrels per day - $8.482 billion[/rtl]
[rtl]October 2023: 3.534 million barrels per day - $9.594 billion[/rtl]
[rtl]September 2023: 3.438 million barrels per day - $9.422 billion[/rtl]
[rtl]August 2023: 3.423 million barrels per day - 8.998 billion[/rtl]
[rtl]July 2023: 3.444 million barrels per day - $8.294 billion[/rtl]
[rtl]June 2023: 3.335 million barrels per day - $7.115 billion[/rtl]
[rtl]May 2023: 3.305 million barrels per day - $7.325 billion[/rtl]
[rtl]April 2023: 3.288 million barrels per day - $7.669 billion[/rtl]
[rtl]March 2023: 3.255 million barrels per day - $7.506 billion[/rtl]
[rtl]February 2023: 3.18 4 million barrels per day - $7.081 billion[/rtl]
[rtl]January 2023: 3.266 million barrels per day - $7.664 billion[/rtl]
[rtl]2022[/rtl]
[rtl]Average daily total for 2022: 3.311 million barrels per day[/rtl]
[rtl]Total revenues for 2022: $115.657 billion[/rtl]
[rtl]December 2022: 3.332 million barrels per day - $7.709 billion[/rtl]
[rtl]November 2022: 3.329 million barrels per day - $8.231 billion October[/rtl]
[rtl]2022: 3.382 million barrels per day - $9.258 billion[/rtl]
[rtl]September 2022: 3.292 million barrels per day - $8.845 billion[/rtl]
[rtl]August 2022: 3.286 million barrels per day - $9.784 billion[/rtl]
[rtl]July 2022: 3.303 million barrels per day - $10.608 billion[/rtl]
[rtl]June 2022: 3.373 million barrels per day - $11.355 billion[/rtl]
[rtl]May 2022: 3.300 million barrels per day - $11.477 billion[/rtl]
[rtl]April 2022: 3.380 million barrels per day - $10.609 billion[/rtl]
[rtl]March 2022: 3.245 million barrels per day - $10.913 billion[/rtl]
[rtl]February 2022: 3. 314 million barrels per day – 8.544 billion[/rtl]
[rtl]2022 dollars: 3.203 million barrels per day - $8.323 billion[/rtl]
[rtl]2021[/rtl]
[rtl]Average daily total for 2021: 3.020 million barrels per day[/rtl]
[rtl]Total revenue for 2021: $75.651 billion[/rtl]
[rtl]December 2021: 3.277 million barrels per day - $7.392 billion[/rtl]
[rtl]November 2021: 3.273 million barrels per day - $7.611 billion[/rtl]
[rtl]October 2021: 3.120 million barrels per day - $7.666 billion[/rtl]
[rtl]September 2021: 3.081 million barrels per day - $6.777 billion[/rtl]
[rtl]August 2021: 3.054 million barrels per day - $6.553 billion[/rtl]
[rtl]July 2021: 2.918 million barrels per day - $6.476 billion[/rtl]
[rtl]June 2021: 2.892 million barrels per day - $6.143 billion[/rtl]
[rtl]May 2021: 2.899 million barrels per day - $5.917 billion[/rtl]
[rtl]April 2021: 2.947 million barrels per day - $5.550 billion[/rtl]
[rtl]March 2021: 2.946 million barrels per day - $5.787 billion[/rtl]
[rtl]February 2021: 2.96 0 million barrels per day - $5.013 billion[/rtl]
[rtl]January 2021: 2.868 million barrels per day - $4.765 billion[/rtl]
[rtl]2020[/rtl]
[rtl]Average daily total for 2020: 2.997 million barrels per day[/rtl]
[rtl]Total revenue for 2020: $41.948 billion[/rtl]
[rtl]December 2020: 2.846 million barrels per day - $4.235 billion[/rtl]
[rtl]November 2020: 2.709 million barrels per day - $3.404 billion[/rtl]
[rtl]October 2020: 2.876 million barrels per day - $3.457 billion[/rtl]
[rtl]September 2020: 2.613 million barrels per day - $3.173 billion[/rtl]
[rtl]August 2020: 2.597 million barrels per day - $3.492 billion[/rtl]
[rtl]July 2020: 2.763 million barrels per day - $3.492 billion[/rtl]
[rtl]June 2020: 2.816 million barrels per day - $2.871 billion[/rtl]
[rtl]May 2020: 3.212 million barrels per day - $2.136 billion[/rtl]
[rtl]April 2020: 3.438 million barrels per day - $1.510 billion[/rtl]
[rtl]March 2020: 3.391 million barrels per day - $2.962 billion[/rtl]
[rtl]February 2020: 3.391 million barrels per day - $5.053 billion[/rtl]
[rtl]January 2020: 3.306 million barrels per day - $6.163 billion[/rtl]
[rtl]2019[/rtl]
[rtl]Average daily total for 2019: 3.527 million barrels per day[/rtl]
[rtl]Total revenue for 2019: $78.527 billion[/rtl]
[rtl]December 2019: 3.428 million barrels per day - $6.698 billion[/rtl]
[rtl]November 2019: 3.500 million barrels per day - $6.305 billion[/rtl]
[rtl]October 2019: 3.447 million barrels per day - $6.121 billion[/rtl]
[rtl]September 2019: 3.576 million barrels per day - $6.321 billion[/rtl]
[rtl]August 2019: 3.603 million barrels per day - $6.413 billion[/rtl]
[rtl]July 2019: 3.566 million barrels per day - $6.692 billion[/rtl]
[rtl]June 2019: 3.52 million barrels per day - $6.372 billion[/rtl]
[rtl]May 2019: 3.572 million barrels per day - $7.329 billion[/rtl]
[rtl]April 2019: 3.466 million barrels per day - $7.021 billion[/rtl]
[rtl]March 2019: 3.377 million barrels per day - $6.709 billion[/rtl]
[rtl]February 2019: 3.621 million barrels per day - $6.179 billion[/rtl]
[rtl]January 2019: 3.649 million barrels per day - $6.367 billion[/rtl]
[rtl]2018[/rtl]
[rtl]Average daily total for 2018: 3,500 million barrels per day[/rtl]
[rtl]Total revenue for 2018: $83.919 billion[/rtl]
[rtl]December 2018: 3.726 million barrels per day - $6.234 billion[/rtl]
[rtl]November 2018: 3.377 million barrels per day - $6.195 billion[/rtl]
[rtl]October 2018: 3.478 million barrels per day - $7.908 billion[/rtl]
[rtl]September 2018: 3.560 million barrels per day - $7.919 billion[/rtl]
[rtl]August 2018: 3.583 million barrels per day - $7.735 billion[/rtl]
[rtl]July 2018: 3.544 million barrels per day - $7.532 billion[/rtl]
[rtl]June 2018: 3.521 million barrels per day - $7.323 billion[/rtl]
[rtl]May 2018: 3.489 million barrels per day - $7.551 billion[/rtl]
[rtl]April 2018: 3.340 million barrels per day - $6.502 billion[/rtl]
[rtl]March 2018: 3.453 million barrels per day - 6.418 billion[/rtl]
[rtl]February 2018: 3.426 million barrels per day - $5.770 billion[/rtl]
[rtl]January 2018: 3.490 million barrels per day - $6.847 billion[/rtl]
[rtl]2017[/rtl]
[rtl]Average daily total for 2017: 3.309 million barrels per day[/rtl]
[rtl]Total revenue for 2017: $59.513 billion[/rtl]
[rtl]December 2017: 3.535 million barrels per day - $6.504 billion[/rtl]
[rtl]November 2017: 3.502 million barrels per day - $6.021 billion[/rtl]
[rtl]October 2017: 3.346 million barrels per day - $5.456 billion[/rtl]
[rtl]September 2017: 3.24 million barrels per day - $4.882 billion[/rtl]
[rtl]August 2017: 3.216 million barrels per day - $4.608 billion[/rtl]
[rtl]July 2017: 3.230 million barrels per day - $4.386 billion[/rtl]
[rtl]June 2017: 3.273 million barrels per day - $4.144 billion[/rtl]
[rtl]May 2017: 3.261 million barrels per day - $4.623 billion[/rtl]
[rtl]April 2017: 3.253 million barrels per day - $4.607 billion[/rtl]
[rtl]March 2017: 3.258 million barrels per day - $4.766 billion[/rtl]
[rtl]February 2017: 3.270 million barrels per day - $4.514 billion[/rtl]
[rtl]January 2017: 3.321 million barrels per day - $5.002 billion[/rtl]
[rtl]2016[/rtl]
[rtl]Average daily total for 2016: 3.302 million barrels per day[/rtl]
[rtl]Total revenues for 2016: $43.502 billion[/rtl]
[rtl]December 2016: 3.52 million barrels per day - $5.074 billion[/rtl]
[rtl]November 2016: 3.47 million barrels per day - $4.216 billion[/rtl]
[rtl]October 2016: 3.384 million barrels per day - $4.426 billion[/rtl]
[rtl]September 2016: 3.276 million barrels per day - $3.822 billion[/rtl]
[rtl]August 2016: 3.229 million barrels per day - $3.928 billion[/rtl]
[rtl]July 2016: 3.203 million barrels per day - $3.802 billion[/rtl]
[rtl]June 2016: 3.175 million barrels per day - $3.845 billion[/rtl]
[rtl]May 2016: 3.2 million barrels per day - $3.748 billion[/rtl]
[rtl]April 2016: 3.363 million barrels per day - $3.368 billion[/rtl]
[rtl]March 2016: 3.287 million barrels per day - $2.894 billion[/rtl]
[rtl]2016: 3.224 million barrels per day - $2.249 billion[/rtl]
[rtl]January 2016: 3.285 million barrels per day - $2.262 billion[/rtl]
[rtl]2015[/rtl]
[rtl]Average daily total for 2015: 3.003 million barrels per day[/rtl]
[rtl]Total revenues for 2015: $49.128 billion[/rtl]
[rtl]December 2015: 3.216 million barrels per day - $2.92 billion[/rtl]
[rtl]November 2015: 3.363 million barrels per day - $3.66 billion[/rtl]
[rtl]October 2015: 2.703 million barrels per day - $3.29 billion[/rtl]
[rtl]September 2015: 3.052 million barrels per day - $3.725 billion[/rtl]
[rtl]August 2015: 3.079 million barrels per day - $3. 925 billion[/rtl]
[rtl]July 2015: 3.105 million barrels per day - $4.908 billion[/rtl]
[rtl]June 2015: 3.187 million barrels per day - $5.289 billion[/rtl]
[rtl]May 2015: 3.145 million barrels per day - $5.447 billion[/rtl]
[rtl]April 2015: 3.077 million barrels per day - $4.8 billion[/rtl]
[rtl]March 2015: 2.980 million barrels per day - $4.457 billion[/rtl]
[rtl]2015: 2.597 million barrels per day - $3.449 billion[/rtl]
[rtl]January 2015: 2.535 million barrels per day - $3.258 billion[/rtl]
[rtl]2014[/rtl]
[rtl]Average daily total for 2014: 2.517 million barrels per day[/rtl]
[rtl]Total revenues for 2014: $84.204 billion[/rtl]
[rtl]December 2014: 2.94 million barrels per day - $5.195 billion[/rtl]
[rtl]November 2014: 2.51 million barrels - $5.238 billion[/rtl]
[rtl]October 2014: 2.461 million barrels - $6.19 billion from[/rtl]
[rtl]September 2014: 2.542 million barrels - $7 billion[/rtl]
[rtl]- August 7, 2014: 2.375 million barrels.[/rtl]
[rtl]July 2014: 2.442 million barrels per day - $7.8 billion[/rtl]
[rtl]June 2014: 2.423 million barrels per day - $7.47 billion[/rtl]
[rtl]May 2014: 2.58 million barrels per day - $8.077 billion[/rtl]
[rtl]April 2014: 2.51 million barrels per day - $7.582 billion[/rtl]
[rtl]March 2014: 2.396 million barrels per day - $7.507 billion[/rtl]
[rtl]February 2, 014: 2.799 million barrels per day - $7.9 billion[/rtl]
[rtl]January 2014: 2.228 million barrels per day - $7.073 billion[/rtl]
[rtl]2013[/rtl]
[rtl]Average daily total for 2013: 2.391 million barrels per day[/rtl]
[rtl]Total revenues for 2013: $89.145 billion[/rtl]
[rtl]December 2013: 2.341 million barrels per day - $7.471 billion[/rtl]
[rtl]November 2013: 2.381 million barrels per day - $7.238 billion[/rtl]
[rtl]October 2013: 2.253 million barrels per day - $7.169 billion[/rtl]
[rtl]September 2013: 2.07 million barrels per day - $6.511 billion[/rtl]
[rtl]August 2013: 2.579 million barrels per day - $8.356 billion[/rtl]
[rtl]July 2013: 2.324 million barrels per day - $7.272 billion[/rtl]
[rtl]June 2013: 2.328 million barrels per day - $6.799 billion[/rtl]
[rtl]May 2013: 2.483 million barrels per day - $7.477 billion[/rtl]
[rtl]April 2013: 2.622 million barrels per day - $7.764 billion[/rtl]
[rtl]March 2013: 2.417 million barrels per day - $7.772 billion[/rtl]
[rtl]February 2013: 2.536 million barrels per day - $7.644 billion[/rtl]
[rtl]January 2013: 2.358 million barrels per day - $7.672 billion[/rtl]
[rtl]2012[/rtl]
[rtl]Average daily total for 2012: 2.42 million barrels per day[/rtl]
[rtl]Total revenues for 2012: $94.078 billion[/rtl]
[rtl]December 2012: 2.348 million barrels per day - $7.551 billion[/rtl]
[rtl]November 2012: 2.620 million barrels per day - $8.2 billion[/rtl]
[rtl]October 2012: 2.624 million barrels per day - $8.578 billion[/rtl]
[rtl]September 2012: 2.598 million barrels per day - $8.371 billion[/rtl]
[rtl]August 2012: 2.565 million barrels per day - $8.44 billion[/rtl]
[rtl]July 2012: 2.516 million barrels per day - $7.5 billion[/rtl]
[rtl]June 2012: 2.403 million barrels per day - $6.453 billion[/rtl]
[rtl]May 2012: 2.452 million barrels per day - $8 billion[/rtl]
[rtl]April 2012: 2.508 million barrels per day - $8.795 billion[/rtl]
[rtl]March 2012: 2.316 million barrels per day - $8.472 billion[/rtl]
[rtl]February 20, 12: 2.013 million barrels per day - $6.595 billion[/rtl]
[rtl]January 2012: 2.106 million barrels per day - $7.123 billion[/rtl]
[rtl]2011[/rtl]
[rtl]Average daily total for 2011: 2.165 million barrels per day[/rtl]
[rtl]Total revenue for 2011: $82.97 billion[/rtl]
[rtl]December 2011: 2.15 million barrels per day - $7.06 billion[/rtl]
[rtl]November 2011: 2.13 million barrels per day - $6.83 billion[/rtl]
[rtl]October 2011: 2.09 million barrels per day - $6.74 billion[/rtl]
[rtl]September 2011: 2.103 million barrels per day - $6.62 billion[/rtl]
[rtl]August 2011: 2.189 million barrels per day - $7.12 billion[/rtl]
[rtl]July 2011: 2.167 million barrels per day - $7.31 billion[/rtl]
[rtl]June 2011: 2.273 million barrels per day - $7.17 billion[/rtl]
[rtl]May 2011: 2.225 million barrels per day - $7.47 billion[/rtl]
[rtl]April 2011: 2.141 million barrels per day - $7.34 billion[/rtl]
[rtl]March 2011: 2.159 million barrels per day - $7.17 billion[/rtl]
[rtl]February 2. 011: 2.202 million barrels per day - $6.06 billion[/rtl]
[rtl]January 2011: 2.163 million barrels per day - $6.08 billion[/rtl]
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Added 03/10/2024 - 1:46 PM
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Economy News - Baghdad
[rtl]Oil exports rose in February after OPEC+ quota cuts weakened Iraqi exports in January.[/rtl]
[rtl]Iraq's oil exports rebounded in February to an average of 3.434 million barrels per day, according to the Ministry of Oil, after declining to 3.339 million barrels per day in January.[/rtl]
[rtl]The Ministry of Oil usually publishes monthly revenue figures alongside export data, but it has not yet announced its oil revenues as of February. An analysis of the Iraqi oil report based on global benchmark pricing data and Iraqi pricing formulas indicates that monthly revenues amounted to approximately $7.6 billion.[/rtl]
[rtl]The ministry reported $8.026 billion in oil sales in January, as global prices rose nearly 4 percent last month, but the estimated monthly revenue figure for February is lower because there are fewer days in the month.[/rtl]
[rtl]The country's oil exports rose to nearly 3.5 million barrels per day in the last quarter of 2023, but fell slightly at the start of the new year, partly reflecting Iraq's efforts to adhere to an OPEC+ quota that was supposed to take total production from 4.220 million barrels per day. It fell to 3.997 million barrels per day starting in January.[/rtl]
[rtl]Compliance is measured by OPEC's so-called secondary sources, a collection of industry groups and publications, which estimated Iraq's production in January at 4.194 million barrels per day - nearly 200,000 barrels per day above the quota. Many secondary sources prepare aggregate production assessments by combining export data with estimates of domestic consumption.[/rtl]
[rtl]The Iraq Oil Report also compiles monthly assessments of Iraq's crude oil production based on independently collected data from producing oil fields. In January, this methodology showed that nationwide production was about 4.54 million barrels per day, which represents a decrease of 90 thousand barrels per day from December 2023.[/rtl]
[rtl]The Oil Ministry said average January production reached only 3.979 million barrels per day.[/rtl]
[rtl]National exports averaged more than 3.7 million barrels per day in 2022 and the first two months of 2023, but Iraq lost a major export outlet in March 2023 when the northern pipeline route to the Turkish port of Ceyhan was cut off. These flows remain blocked due to a range of unresolved political and commercial issues.[/rtl]
[rtl]The northern pipeline transported about 400,000 barrels per day of crude oil produced under the authority of the Kurdistan Regional Government and about 70,000 barrels per day from fields managed by the Kirkuk-based North Oil Company, which is affiliated with the federal government. Since the pipeline closure, KRG production has rebounded to about 260,000 bpd as crude is sold in the local market, while National Oil Corporation production has fallen from about 330,000 bpd before the pipeline closure to about 270,000 bpd in January.[/rtl]
[rtl]Even if Iraq were not restricted by the OPEC+ policy, the country would not be able to export more oil due to infrastructure bottlenecks.[/rtl]
[rtl]The pipelines feeding the Basra Export Terminal (ABOT) are decades past their intended lifespan and are operating at a fraction of their nominal capacity. Iraq's other major export system - a series of single-point mooring (SPM) buoys in Basra Bay - is operating at about half its nominal capacity due to limited onshore pumping.[/rtl]
[rtl]Iraq is moving forward with the implementation of multiple projects that will increasingly increase its export capabilities, the earliest of which could be completed within a year.[/rtl]
[rtl]Almost all of Iraq's exports flow through the ABOT and SPM systems. The country also sold 34,000 barrels per day of heavy crude from the Qayyarah oil field, which is transported by land from Nineveh Governorate and then exported through the Khor Al-Zubair port in Basra. Iraq also exported 15,000 barrels per day via trucks to Jordan, according to Oil Ministry figures.[/rtl]
[rtl]Below are the Iraqi Federal Government's average daily crude oil exports and total revenues, by month, as reported by the Ministry of Oil since 2011. *These figures do not include oil sold independently by the KRG.[/rtl]
[rtl]2024[/rtl]
[rtl]February 2023: 3.434 million barrels per day - $7.6 billion (estimated)[/rtl]
[rtl]January 2023: 3.339 million barrels per day - $8.026 billion[/rtl]
[rtl]2023[/rtl]
[rtl]Average daily total for 2023: 3.376 million barrels per day[/rtl]
[rtl]Total revenues for 2023: $97.527 billion[/rtl]
[rtl]December 2023: 3.486 million barrels per day - $8.311 billion[/rtl]
[rtl]November 2023: 3.433 million barrels per day - $8.482 billion[/rtl]
[rtl]October 2023: 3.534 million barrels per day - $9.594 billion[/rtl]
[rtl]September 2023: 3.438 million barrels per day - $9.422 billion[/rtl]
[rtl]August 2023: 3.423 million barrels per day - 8.998 billion[/rtl]
[rtl]July 2023: 3.444 million barrels per day - $8.294 billion[/rtl]
[rtl]June 2023: 3.335 million barrels per day - $7.115 billion[/rtl]
[rtl]May 2023: 3.305 million barrels per day - $7.325 billion[/rtl]
[rtl]April 2023: 3.288 million barrels per day - $7.669 billion[/rtl]
[rtl]March 2023: 3.255 million barrels per day - $7.506 billion[/rtl]
[rtl]February 2023: 3.18 4 million barrels per day - $7.081 billion[/rtl]
[rtl]January 2023: 3.266 million barrels per day - $7.664 billion[/rtl]
[rtl]2022[/rtl]
[rtl]Average daily total for 2022: 3.311 million barrels per day[/rtl]
[rtl]Total revenues for 2022: $115.657 billion[/rtl]
[rtl]December 2022: 3.332 million barrels per day - $7.709 billion[/rtl]
[rtl]November 2022: 3.329 million barrels per day - $8.231 billion October[/rtl]
[rtl]2022: 3.382 million barrels per day - $9.258 billion[/rtl]
[rtl]September 2022: 3.292 million barrels per day - $8.845 billion[/rtl]
[rtl]August 2022: 3.286 million barrels per day - $9.784 billion[/rtl]
[rtl]July 2022: 3.303 million barrels per day - $10.608 billion[/rtl]
[rtl]June 2022: 3.373 million barrels per day - $11.355 billion[/rtl]
[rtl]May 2022: 3.300 million barrels per day - $11.477 billion[/rtl]
[rtl]April 2022: 3.380 million barrels per day - $10.609 billion[/rtl]
[rtl]March 2022: 3.245 million barrels per day - $10.913 billion[/rtl]
[rtl]February 2022: 3. 314 million barrels per day – 8.544 billion[/rtl]
[rtl]2022 dollars: 3.203 million barrels per day - $8.323 billion[/rtl]
[rtl]2021[/rtl]
[rtl]Average daily total for 2021: 3.020 million barrels per day[/rtl]
[rtl]Total revenue for 2021: $75.651 billion[/rtl]
[rtl]December 2021: 3.277 million barrels per day - $7.392 billion[/rtl]
[rtl]November 2021: 3.273 million barrels per day - $7.611 billion[/rtl]
[rtl]October 2021: 3.120 million barrels per day - $7.666 billion[/rtl]
[rtl]September 2021: 3.081 million barrels per day - $6.777 billion[/rtl]
[rtl]August 2021: 3.054 million barrels per day - $6.553 billion[/rtl]
[rtl]July 2021: 2.918 million barrels per day - $6.476 billion[/rtl]
[rtl]June 2021: 2.892 million barrels per day - $6.143 billion[/rtl]
[rtl]May 2021: 2.899 million barrels per day - $5.917 billion[/rtl]
[rtl]April 2021: 2.947 million barrels per day - $5.550 billion[/rtl]
[rtl]March 2021: 2.946 million barrels per day - $5.787 billion[/rtl]
[rtl]February 2021: 2.96 0 million barrels per day - $5.013 billion[/rtl]
[rtl]January 2021: 2.868 million barrels per day - $4.765 billion[/rtl]
[rtl]2020[/rtl]
[rtl]Average daily total for 2020: 2.997 million barrels per day[/rtl]
[rtl]Total revenue for 2020: $41.948 billion[/rtl]
[rtl]December 2020: 2.846 million barrels per day - $4.235 billion[/rtl]
[rtl]November 2020: 2.709 million barrels per day - $3.404 billion[/rtl]
[rtl]October 2020: 2.876 million barrels per day - $3.457 billion[/rtl]
[rtl]September 2020: 2.613 million barrels per day - $3.173 billion[/rtl]
[rtl]August 2020: 2.597 million barrels per day - $3.492 billion[/rtl]
[rtl]July 2020: 2.763 million barrels per day - $3.492 billion[/rtl]
[rtl]June 2020: 2.816 million barrels per day - $2.871 billion[/rtl]
[rtl]May 2020: 3.212 million barrels per day - $2.136 billion[/rtl]
[rtl]April 2020: 3.438 million barrels per day - $1.510 billion[/rtl]
[rtl]March 2020: 3.391 million barrels per day - $2.962 billion[/rtl]
[rtl]February 2020: 3.391 million barrels per day - $5.053 billion[/rtl]
[rtl]January 2020: 3.306 million barrels per day - $6.163 billion[/rtl]
[rtl]2019[/rtl]
[rtl]Average daily total for 2019: 3.527 million barrels per day[/rtl]
[rtl]Total revenue for 2019: $78.527 billion[/rtl]
[rtl]December 2019: 3.428 million barrels per day - $6.698 billion[/rtl]
[rtl]November 2019: 3.500 million barrels per day - $6.305 billion[/rtl]
[rtl]October 2019: 3.447 million barrels per day - $6.121 billion[/rtl]
[rtl]September 2019: 3.576 million barrels per day - $6.321 billion[/rtl]
[rtl]August 2019: 3.603 million barrels per day - $6.413 billion[/rtl]
[rtl]July 2019: 3.566 million barrels per day - $6.692 billion[/rtl]
[rtl]June 2019: 3.52 million barrels per day - $6.372 billion[/rtl]
[rtl]May 2019: 3.572 million barrels per day - $7.329 billion[/rtl]
[rtl]April 2019: 3.466 million barrels per day - $7.021 billion[/rtl]
[rtl]March 2019: 3.377 million barrels per day - $6.709 billion[/rtl]
[rtl]February 2019: 3.621 million barrels per day - $6.179 billion[/rtl]
[rtl]January 2019: 3.649 million barrels per day - $6.367 billion[/rtl]
[rtl]2018[/rtl]
[rtl]Average daily total for 2018: 3,500 million barrels per day[/rtl]
[rtl]Total revenue for 2018: $83.919 billion[/rtl]
[rtl]December 2018: 3.726 million barrels per day - $6.234 billion[/rtl]
[rtl]November 2018: 3.377 million barrels per day - $6.195 billion[/rtl]
[rtl]October 2018: 3.478 million barrels per day - $7.908 billion[/rtl]
[rtl]September 2018: 3.560 million barrels per day - $7.919 billion[/rtl]
[rtl]August 2018: 3.583 million barrels per day - $7.735 billion[/rtl]
[rtl]July 2018: 3.544 million barrels per day - $7.532 billion[/rtl]
[rtl]June 2018: 3.521 million barrels per day - $7.323 billion[/rtl]
[rtl]May 2018: 3.489 million barrels per day - $7.551 billion[/rtl]
[rtl]April 2018: 3.340 million barrels per day - $6.502 billion[/rtl]
[rtl]March 2018: 3.453 million barrels per day - 6.418 billion[/rtl]
[rtl]February 2018: 3.426 million barrels per day - $5.770 billion[/rtl]
[rtl]January 2018: 3.490 million barrels per day - $6.847 billion[/rtl]
[rtl]2017[/rtl]
[rtl]Average daily total for 2017: 3.309 million barrels per day[/rtl]
[rtl]Total revenue for 2017: $59.513 billion[/rtl]
[rtl]December 2017: 3.535 million barrels per day - $6.504 billion[/rtl]
[rtl]November 2017: 3.502 million barrels per day - $6.021 billion[/rtl]
[rtl]October 2017: 3.346 million barrels per day - $5.456 billion[/rtl]
[rtl]September 2017: 3.24 million barrels per day - $4.882 billion[/rtl]
[rtl]August 2017: 3.216 million barrels per day - $4.608 billion[/rtl]
[rtl]July 2017: 3.230 million barrels per day - $4.386 billion[/rtl]
[rtl]June 2017: 3.273 million barrels per day - $4.144 billion[/rtl]
[rtl]May 2017: 3.261 million barrels per day - $4.623 billion[/rtl]
[rtl]April 2017: 3.253 million barrels per day - $4.607 billion[/rtl]
[rtl]March 2017: 3.258 million barrels per day - $4.766 billion[/rtl]
[rtl]February 2017: 3.270 million barrels per day - $4.514 billion[/rtl]
[rtl]January 2017: 3.321 million barrels per day - $5.002 billion[/rtl]
[rtl]2016[/rtl]
[rtl]Average daily total for 2016: 3.302 million barrels per day[/rtl]
[rtl]Total revenues for 2016: $43.502 billion[/rtl]
[rtl]December 2016: 3.52 million barrels per day - $5.074 billion[/rtl]
[rtl]November 2016: 3.47 million barrels per day - $4.216 billion[/rtl]
[rtl]October 2016: 3.384 million barrels per day - $4.426 billion[/rtl]
[rtl]September 2016: 3.276 million barrels per day - $3.822 billion[/rtl]
[rtl]August 2016: 3.229 million barrels per day - $3.928 billion[/rtl]
[rtl]July 2016: 3.203 million barrels per day - $3.802 billion[/rtl]
[rtl]June 2016: 3.175 million barrels per day - $3.845 billion[/rtl]
[rtl]May 2016: 3.2 million barrels per day - $3.748 billion[/rtl]
[rtl]April 2016: 3.363 million barrels per day - $3.368 billion[/rtl]
[rtl]March 2016: 3.287 million barrels per day - $2.894 billion[/rtl]
[rtl]2016: 3.224 million barrels per day - $2.249 billion[/rtl]
[rtl]January 2016: 3.285 million barrels per day - $2.262 billion[/rtl]
[rtl]2015[/rtl]
[rtl]Average daily total for 2015: 3.003 million barrels per day[/rtl]
[rtl]Total revenues for 2015: $49.128 billion[/rtl]
[rtl]December 2015: 3.216 million barrels per day - $2.92 billion[/rtl]
[rtl]November 2015: 3.363 million barrels per day - $3.66 billion[/rtl]
[rtl]October 2015: 2.703 million barrels per day - $3.29 billion[/rtl]
[rtl]September 2015: 3.052 million barrels per day - $3.725 billion[/rtl]
[rtl]August 2015: 3.079 million barrels per day - $3. 925 billion[/rtl]
[rtl]July 2015: 3.105 million barrels per day - $4.908 billion[/rtl]
[rtl]June 2015: 3.187 million barrels per day - $5.289 billion[/rtl]
[rtl]May 2015: 3.145 million barrels per day - $5.447 billion[/rtl]
[rtl]April 2015: 3.077 million barrels per day - $4.8 billion[/rtl]
[rtl]March 2015: 2.980 million barrels per day - $4.457 billion[/rtl]
[rtl]2015: 2.597 million barrels per day - $3.449 billion[/rtl]
[rtl]January 2015: 2.535 million barrels per day - $3.258 billion[/rtl]
[rtl]2014[/rtl]
[rtl]Average daily total for 2014: 2.517 million barrels per day[/rtl]
[rtl]Total revenues for 2014: $84.204 billion[/rtl]
[rtl]December 2014: 2.94 million barrels per day - $5.195 billion[/rtl]
[rtl]November 2014: 2.51 million barrels - $5.238 billion[/rtl]
[rtl]October 2014: 2.461 million barrels - $6.19 billion from[/rtl]
[rtl]September 2014: 2.542 million barrels - $7 billion[/rtl]
[rtl]- August 7, 2014: 2.375 million barrels.[/rtl]
[rtl]July 2014: 2.442 million barrels per day - $7.8 billion[/rtl]
[rtl]June 2014: 2.423 million barrels per day - $7.47 billion[/rtl]
[rtl]May 2014: 2.58 million barrels per day - $8.077 billion[/rtl]
[rtl]April 2014: 2.51 million barrels per day - $7.582 billion[/rtl]
[rtl]March 2014: 2.396 million barrels per day - $7.507 billion[/rtl]
[rtl]February 2, 014: 2.799 million barrels per day - $7.9 billion[/rtl]
[rtl]January 2014: 2.228 million barrels per day - $7.073 billion[/rtl]
[rtl]2013[/rtl]
[rtl]Average daily total for 2013: 2.391 million barrels per day[/rtl]
[rtl]Total revenues for 2013: $89.145 billion[/rtl]
[rtl]December 2013: 2.341 million barrels per day - $7.471 billion[/rtl]
[rtl]November 2013: 2.381 million barrels per day - $7.238 billion[/rtl]
[rtl]October 2013: 2.253 million barrels per day - $7.169 billion[/rtl]
[rtl]September 2013: 2.07 million barrels per day - $6.511 billion[/rtl]
[rtl]August 2013: 2.579 million barrels per day - $8.356 billion[/rtl]
[rtl]July 2013: 2.324 million barrels per day - $7.272 billion[/rtl]
[rtl]June 2013: 2.328 million barrels per day - $6.799 billion[/rtl]
[rtl]May 2013: 2.483 million barrels per day - $7.477 billion[/rtl]
[rtl]April 2013: 2.622 million barrels per day - $7.764 billion[/rtl]
[rtl]March 2013: 2.417 million barrels per day - $7.772 billion[/rtl]
[rtl]February 2013: 2.536 million barrels per day - $7.644 billion[/rtl]
[rtl]January 2013: 2.358 million barrels per day - $7.672 billion[/rtl]
[rtl]2012[/rtl]
[rtl]Average daily total for 2012: 2.42 million barrels per day[/rtl]
[rtl]Total revenues for 2012: $94.078 billion[/rtl]
[rtl]December 2012: 2.348 million barrels per day - $7.551 billion[/rtl]
[rtl]November 2012: 2.620 million barrels per day - $8.2 billion[/rtl]
[rtl]October 2012: 2.624 million barrels per day - $8.578 billion[/rtl]
[rtl]September 2012: 2.598 million barrels per day - $8.371 billion[/rtl]
[rtl]August 2012: 2.565 million barrels per day - $8.44 billion[/rtl]
[rtl]July 2012: 2.516 million barrels per day - $7.5 billion[/rtl]
[rtl]June 2012: 2.403 million barrels per day - $6.453 billion[/rtl]
[rtl]May 2012: 2.452 million barrels per day - $8 billion[/rtl]
[rtl]April 2012: 2.508 million barrels per day - $8.795 billion[/rtl]
[rtl]March 2012: 2.316 million barrels per day - $8.472 billion[/rtl]
[rtl]February 20, 12: 2.013 million barrels per day - $6.595 billion[/rtl]
[rtl]January 2012: 2.106 million barrels per day - $7.123 billion[/rtl]
[rtl]2011[/rtl]
[rtl]Average daily total for 2011: 2.165 million barrels per day[/rtl]
[rtl]Total revenue for 2011: $82.97 billion[/rtl]
[rtl]December 2011: 2.15 million barrels per day - $7.06 billion[/rtl]
[rtl]November 2011: 2.13 million barrels per day - $6.83 billion[/rtl]
[rtl]October 2011: 2.09 million barrels per day - $6.74 billion[/rtl]
[rtl]September 2011: 2.103 million barrels per day - $6.62 billion[/rtl]
[rtl]August 2011: 2.189 million barrels per day - $7.12 billion[/rtl]
[rtl]July 2011: 2.167 million barrels per day - $7.31 billion[/rtl]
[rtl]June 2011: 2.273 million barrels per day - $7.17 billion[/rtl]
[rtl]May 2011: 2.225 million barrels per day - $7.47 billion[/rtl]
[rtl]April 2011: 2.141 million barrels per day - $7.34 billion[/rtl]
[rtl]March 2011: 2.159 million barrels per day - $7.17 billion[/rtl]
[rtl]February 2. 011: 2.202 million barrels per day - $6.06 billion[/rtl]
[rtl]January 2011: 2.163 million barrels per day - $6.08 billion[/rtl]
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