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11 May | Oil

United States. OPEC Crude oil Production Saudi Arabia (Barrel). The value of the indicator has decreased from 9.95M to 7.65M

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.

A decrease of the indicator value may contribute to the rise in quotes of WTI, Brent.

Marketcheese MarketCheese

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