Reuters Survey: OPEC August Oil Output Drops 640,000 bpd Month-over-Month
nashnova research
OPEC's August crude output fell to 19.71 million bpd, down 640,000 bpd month-on-month, driven largely by Iran — Middle East conflict and U.S. blockades derailed a planned production increase, leaving actual output well below quota.
How much did output fall — and where?
A Reuters survey puts OPEC's August crude production at 19.71 million bpd, down 640,000 bpd from July.
The bulk of the decline came from Iran — war disrupted Saudi export routes, while U.S. blockades sharply cut Iranian shipments.
This means → the supply contraction was not a deliberate cut but a forced result of conflict and sanctions.
Why didn't the planned increase happen?
Seven OPEC+ members had agreed to raise output in August.
Middle East conflict directly disrupted the ramp-up; the plan could not be executed.
In plain terms = producers wanted to sell more oil, but the fighting shut down export channels — actual output ended up far below quota levels.
How reliable is this data?
The survey drew on multiple independent sources: flow data from the London Stock Exchange Group (LSEG), vessel-tracking firms such as Kpler, and information from oil companies and OPEC insiders.
This reflects a cross-verified composite estimate, not a single-source reading — it carries significant reference value ahead of OPEC's official figures.
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