Expected OPEC+ oil production cuts and target cuts May-July 2020

Forecasted OPEC+ production decline compared to target cuts due to COVID-19 between May and July 2020 (in million barrels per day)*

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Release date

July 2020



Survey time period

May to July 2020

Supplementary notes

* Production decline compared to reference production set to October 2018.
** The source gives the following information: "Saudi Arabia here includes the entire volumes of Abu Sa’fah shared 50/50 with Bahrain, hence KSA’s target cuts are also adjusted for Bahrain’s share of cut accounted for by Abu Sa’fah and are higher than Russia’s cuts compared to the OPEC table."

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