OPEC+ Data Deck (January 2026)
Official OPEC+ quota-bound production falls by largest monthly volume since the production hike accelerated in April, thanks largely to Kazakh struggles; implied production closes gap vs official data
Below the paywall you will find the latest monthly edition of the Commodity Context OPEC+ Data Deck (50-page PDF), tracking groupwide and member-level official production estimates, quotas, compliance, exports, and official production data reconciliation vs output implied by visible movements.
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Quota-participating OPEC+ crude production fell -178 kbpd to 35,964 kbpd in December, according to official OPEC+ secondary source aggregate statistics. This is the first real decline in the group’s target-bound output since output hikes accelerated in April and weakness was driven, overwhelmingly, by a -237 kbpd m/m pullback in Kazakh output due to the ongoing damage and operational disruption at the Caspian Pipeline Consortium (CPC) marine terminal.
Flows-implied Great 8 member production estimates narrowed to their tightest difference compared to official production data since early 2024.
