OPEC+ Production Tracker
Monthly crude-and-condensate production for the 18 OPEC and Declaration of Cooperation partner countries, set against the published quota schedule. The single most important variable for WTI–Brent dynamics, US shale economics, and the post-Russia European diversification.
OPEC+ Production vs Declaration of Cooperation Quotas
Latest data: Jan '26OPEC+ combined
48.91mbpd
Quota: 33.50 mbpd (non-exempt only)
OPEC core
34.44mbpd
Non-exempt vs quota: +6,427 kbpd
Non-OPEC partners
14.47mbpd
Non-exempt vs quota: +2,028 kbpd
⚠ Publication lag: EIA international data publishes with a ~3-month delay. Latest available period is Jan '26 — this does not yet reflect the Hormuz war period (28 Feb 2026 onwards). Use this tracker for structural context (member composition, quota schedule, pre-war baseline), not real-time post-war production.
OPEC core members
| Country | Production (kbpd) |
|---|---|
| Saudi Arabia | 11,929.784 |
| UAE | 4,779.217 |
| Iran | 4,692.219 |
| Iraq | 4,508.435 |
| Kuwait | 2,881.502 |
| Nigeria | 1,615.291 |
| Algeria | 1,431.089 |
| Libya | 1,417.01 |
| Venezuela | 844.1 |
| Republic of Congo | 252.819 |
| Equatorial Guinea | 86.395 |
Non-OPEC partners (Declaration of Cooperation)
| Country | Production (kbpd) |
|---|---|
| Russia | 10,678.709 |
| Kazakhstan | 1,383.023 |
| Oman | 1,033.563 |
| Malaysia | 623.769 |
| Azerbaijan | 550.778 |
| Brunei | 118.782 |
| Bahrain | 78.602 |
Production via U.S. EIA International data (product 53: total petroleum and other liquids; activity 1: production). Quotas from OPEC+ Declaration of Cooperation as of late 2024 — JMMC adjusts these periodically. Note that EIA reports total liquids while OPEC quotas are against crude only, so member-level vs-quota comparison is approximate. Iran, Venezuela and Libya are exempt under the current accord; their production is included in totals but not in quota sums.
Why OPEC+ matters for Americas
US shale–OPEC+ dynamic. For most of the 2010s, OPEC's production decisions were the dominant variable for global oil prices, and US shale was the price-taker. Since 2020 that relationship has inverted into a balance: US production hit record highs (currently around 13.5 mbpd), making the US the world's largest crude producer and a meaningful constraint on what OPEC+ can achieve through supply discipline alone.
Compliance is structurally imperfect. Member quotas in the Declaration of Cooperation are routinely missed at the country level — typically with persistent over-production from Iraq, the UAE, Kazakhstan, and historically Russia, balanced by Saudi Arabia absorbing the discipline. Iran, Venezuela and Libya have exempt status due to sanctions or instability and their production swings on geopolitics rather than quota.
JMMC meetings move markets. The Joint Ministerial Monitoring Committee meets approximately every two months. Its statements (extension, deepening, or unwinding of voluntary cuts) are the primary calendar event for crude markets in normal conditions.
Post-war context. In the current Hormuz scenario, OPEC+ Gulf production is physically stranded rather than quota-constrained — Saudi, UAE, Kuwaiti and Iraqi barrels are produced but cannot ship. That makes the historic compliance frame less useful; the relevant metric becomes capacity stranded by the strait closure, not quota cheating. See the Iran-blockade analysis for the full picture.
Also relevant
- Why the WTI–Brent Spread Matters for Americas Exports — companion piece on how the spread responds to OPEC+ moves.
- EuroOilWatch Gas Tracker ↗ — Europe's post-Russia diversification picture, the natural-gas counterpart to OPEC+ for European energy security.