Stats › Currencies and commodities › OPEC production
OPEC, OPEC+ and the quota
OPEC is smaller than it was. Qatar left in 2019, Ecuador in 2020, Angola in 2024, and on 28 April 2026 the United Arab Emirates announced it was going too, effective 1 May, after fifty nine years. That leaves eleven members, and the group that actually sets policy, OPEC+, is a wider club that includes Russia and Kazakhstan and has been unwinding its own cuts through 2026.
The quota question is easy to state and hard to answer. OPEC publishes required production levels. It also publishes what its members actually produced, using estimates from what it calls secondary sources rather than what the members tell it directly. The gap between those two things has always been the point of the exercise.
But the part I find genuinely interesting is the third gap. OPEC, the International Energy Agency and the US Energy Information Administration all publish monthly views of the same oil market, and they do not agree. Not by a rounding error. In the July 2026 round they were 3.1 million barrels a day apart on 2026 demand, and on the direction of demand growth they were not even on the same side of zero. The International Energy Forum publishes that comparison every month, which means the disagreement is itself a measured, dated, citable number. That's what this page is really about.
OPEC has 11 members after the UAE left on 1 May 2026, ending a 59 year membership, following Qatar in 2019, Ecuador in 2020 and Angola in 2024. Reuters' survey put OPEC crude output at 19.43 million barrels a day in June 2026, up 3.3 million on the month as Gulf exports recovered, and still "well below its official quotas". The IEA's July report put total OPEC at 18.39 mb/d for the same month, about 1.0 mb/d lower. On EIA's Short Term Energy Outlook of 7 Jul 2026, OPEC crude is 21.11 mb/d of a world crude total of 75.72 mb/d in 2026, a share of 27.9%, against 31.2% in 2025. The three agencies' 2026 demand forecasts spanned 3.1 mb/d: OPEC 105.9, IEA 103.5, EIA 102.8. On growth they disagreed on sign: OPEC +0.8, IEA -1.0, EIA -1.2.
Members only
The rest of this page is for members
Below this point there are 9 sections, 1 chart, 2 tables and 10 named sources, roughly 3050 words of it. Every figure carries the source it came from and the date the data is from.
You can keep browsing every statistic in the library for free. The intro and the summary are always open.