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8 May | Oil

United States. OPEC Crude oil Production Saudi Arabia (Barrel). The value of the indicator has increased from 8.96M to 8.97M

Brent
WTI Light Crude Oil

A report on this calendar event is released monthly by the OPEC.

The presented indicator measures the volume of oil production of Saudi Arabia, one of the member countries of the Organization of Petroleum Exporting Countries, which controls oil production quotas. OPEC includes 13 countries.

In addition to Saudi Arabia, these are Equatorial Guinea, Angola, Congo, Algeria, Gabon, Nigeria, Libya, the United Arab Emirates, Iran, Kuwait, Venezuela, Iraq.

Comments by the MarketCheese analysts: an increase of the indicator value may contribute to the fall in quotes of WTI, Brent.

Marketcheese MarketCheese

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