OPEC+ Data Deck (June 2026)
Middle Eastern crude production inches higher as Gulf producers gained on incremental Hormuz Crisis logistical improvements; the Emiratis have left the building after 59 years as a member of the group
The United Arab Emirates (UAE) announced on April 28th that it would be leaving OPEC effective May 1st. Accordingly, this is the first OPEC+ Data Deck to remove the UAE from our main OPEC+ reporting.
Below the paywall you will find the latest monthly edition of the Commodity Context OPEC+ Data Deck (53-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 oil production rose +240 kbpd m/m to 24,866 kbpd in May, accounting for the official departure of the UAE from the producer group; overall output fell an additional -2 MMbpd including the loss of the UAE, effective May 1st.
Iran’s production is collapsing on the back of the US blockade, down ~28% in May from February 2026 levels, with further declines expected through June.
[Full PDF Deck and additional analysis below paywall]