Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates (or UAE), and Venezuela are members of OPEC. These countries’ March crude production figures are as follows:
Algeria’s production fell by 10,000 bpd to 1.1 MMbpd in March 2016 compared to the previous month.
Angola’s production rose by 41,000 bpd to 1.8 MMbpd in March 2016 compared to last month.
Iran’s production rose by 100,000 bpd to 3.2 MMbpd in March 2016 compared to the previous month.
Iraq’s crude oil production rose by 150,000 bpd to 4.4 MMbpd in March 2016 compared to last month.
Kuwait’s production was flat at 3 MMbpd in March 2016 compared to the previous month.
Nigeria’s production fell by 74,000 bpd to 1.8 MMbpd in March 2016 compared to last month.
Saudi Arabia’s crude oil production fell by 10,000 bpd to 10.2 MMbpd in March 2016 compared to the previous month.
UAE’s production fell by 90,000 bpd to 2.9 MMbpd in March 2016 compared to last month.
Venezuela’s production fell by 11,000 bpd to 2.4 MMbpd in March 2016 compared to the previous month.