OPEC Crude Oil production above __ in May?20 Million
ResolvedOutcome: No$5Kas of
Odds now
This market has resolved No. Final market pricing put YES at 0%, as of .
YES0¢
NO100¢
as of
What moved the odds?
28 AI-matched news signals on this market, newest first. Entry price is the called side when the news hit; the signed return marks it against the final price as of .
Oil was struggling for direction Thursday as traders weighed OPEC’s lower demand outlook for this year, while the International Energy Agency flagged greater volatility ahead. • • With more than 14 million bpd of supply cut, the overall loss from Gulf producers is now over a billion barrels, the IEA said. • • OPEC production fell by 1.7 million bpd in April and has declined more than 30%, since the war started in late February. • • Click here to read more:
Saudi Arabia's crude oil production fell to its lowest level since 1990 in April, Riyadh reported to the OPEC Secretariat. Production fell by 651 thousand barrels per day to 6.316 million. The drop compared to the February production level was 42%. Saudi Arabia accounted for about half of the total OPEC production decline. The second-largest decline occurred in Kuwait, where production fell by roughly half to 600,000 barrels per day. Kuwait now produces less than a quarter of its pre-war level. Max | Telegram | Newsletter | iOS App | Android
OPEC oil production drops considerably According to a report presented by the Organization of the Petroleum Exporting Countries and independent suppliers (OPEC+), oil production fell by 1.74 million barrels per day (mb/d) in April of this year, standing at 9,906 mb/d below the target.
SAUDIS TELL OPEC THAT OIL OUTPUT SANK AGAIN TO LOWEST SINCE 1990
SAUDIS TELL OPEC THAT OIL OUTPUT SANK AGAIN TO LOWEST SINCE 1990 ...
#OOTT OPEC CUTS 2026 GLOBAL OIL DEMAND GROWTH FORECAST TO 1.17 MILLION BPD (PREV. FORECAST 1.38 MILLION BPD), COPY OF MONTHLY REPORT SEEN BY RTRS SHOWS • SEES WORLD OIL DEMAND IN Q2 2026 AT 104.57 MILLION BPD (VS. 105.07 MILLION BPD PREV. FORECAST) • RAISES 2027 GLOBAL OIL DEMAND GROWTH FORECAST TO 1.54 MILLION BPD (PREV. FORECAST 1.34 MILLION BPD) • SAYS OPEC+ CRUDE OUTPUT AVERAGED 33.19 MILLION BPD IN APRIL 2026, DOWN 1.74 MILLION BPD FROM MARCH, AS IRAN WAR PROMPTED MIDDLE EAST MEMBERS TO CUT OUTPUT • ...
SAUDIS TELL OPEC THAT OIL OUTPUT SANK AGAIN TO LOWEST SINCE 1990
#OOTT Opec Cuts 2026 Global Oil Demand Growth Forecast To 1.17 Million Bpd (Prev. Forecast 1.38 Million Bpd), Copy Of Monthly Report Seen By RTRS Shows • Sees World Oil Demand In Q2 2026 At 104.57 Million Bpd (Vs. 105.07 Million Bpd Prev. Forecast) • Raises 2027 Global Oil Demand Growth Forecast To 1.54 Million Bpd (Prev. Forecast 1.34 Million Bpd) • Says Opec+ Crude Output Averaged 33.19 Million Bpd In April 2026, Down 1.74 Million Bpd From March, As Iran War Prompted Middle East Members To Cut Output •
OPEC Monthly Oil Report (MOMR): Production was lowest in >35 years
*SAUDIS TELL OPEC THAT OIL OUTPUT SANK TO LOWEST SINCE 1990
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URGENT OPEC+ oil production fell by another 1.74 million bpd in April, falling 9.9 million bpd below target - OPEC
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OPEC+ oil production fell by 1.74 million barrels per day in April compared to March, to 33.19 million barrels per day, according to OPEC reports.
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OPEC+ PRODUCED 9.906 MILLION BOD LESS THAN THE AGREED IN APRIL, TAKING INTO ACCOUNT VOLUNTARY CUTS AND THE COMPENSATION PLAN, ACCORDING TO THE OPEC REPORT.
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OPEC+ countries cut oil production by 1.6 million barrels per day in April compared to March, falling 9.9 million barrels per day short of plan, according to OPEC data.
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OPEC Says OPEC+ Crude Output Averaged 33.19 Million Bpd in April 2026, Down 1.74 Million Bpd From March, as Iran War Prompted Middle East Members to Cut Output
The Strait of Hormuz reduced the world's oil supply by 15 million barrels per day. The latest international data shows that the volume of unintended global oil production halts has increased significantly, from 12.9 million barrels per day in March to 15.8 million barrels in April.
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The IEA believes that eight OPEC+ countries cut oil production by 880,000 bpd in April and were producing 8.8 million bpd below their target, according to the report.
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IEA Raises Forecast for Global Oil Supply Drop in 2026 from 1.5 Million Barrels per Day to 4 Million Barrels per Day - Report
The U.S. Energy Information Administration expects oil production outages related to the Iran war to peak at around 10.8 million barrels per day in May.
US Energy Information Administration: 10.5 million barrels per day of crude oil production was disrupted during April in Iraq, Saudi Arabia, Kuwait, the UAE, Qatar, and Bahrain. #BreakingNews #HereIsTheKingdom
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The US Department of Energy has raised its estimate of the decline in oil production in the Persian Gulf in April from 9.1 to 10.5 million barrels per day, and does not expect a recovery by the end of the year - a report.
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Iraq, Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, and Bahrain cut oil production by 10.5 million barrels per day in April, according to the US Department of Energy.
OPEC oil production in April fell to its lowest level in two decades A Reuters survey shows that crude oil production from OPEC member countries in April fell to its lowest level in more than 20 years. Daily crude oil production by the 12 OPEC member countries in April fell by 830,000 barrels compared to the previous month to 20.04 million barrels. OPEC production in March fell by 700,000 barrels per day due to a change in Saudi Arabia's estimate. Saudi Arabia and Iraq's crude oil production also declined further, however, the United Arab Emirates was the only Gulf country to increase its production. In addition to the United Arab Emirates, which withdrew from OPEC on May 1, Venezuela and Libya also increased their production in April. shana.ir/news/1875520 @Shananewsroom
OPEC OUTPUT HITS 20-YEAR LOW AS HORMUZ CRISIS CHOKES EXPORTS • • OPEC OIL PRODUCTION FELL 830,000 BARRELS A DAY IN APRIL TO 20.04 MILLION BPD, THE LOWEST LEVEL IN MORE THAN TWO DECADES, AS THE IRAN CONFLICT AND STRAIT OF HORMUZ DISRUPTION SLASHED EXPORTS. • • KUWAIT POSTED THE BIGGEST DECLINE AFTER A FULL MONTH OF EXPORT DISRUPTIONS, WHILE SAUDI ARABIA AND IRAQ ALSO CUT OUTPUT. THE UAE WAS THE ONLY GULF PRODUCER TO RAISE PRODUCTION, USING EXPORT ROUTES THAT BYPASS HORMUZ. VENEZUELA AND LIBYA ALSO INCREASED OUTPUT. • • THE DROP CAME DESPITE OPEC+ PLANS TO INCREASE PRODUCTION IN APRIL, WITH THE WAR PREVENTING THE ROLLOUT OF HIGHER SUPPLY QUOTAS ...
OPEC OUTPUT HITS 20-YEAR LOW AS HORMUZ CRISIS CHOKES EXPORTS • • OPEC oil production fell 830,000 barrels a day in April to 20.04 million bpd, the lowest level in more than two decades, as the Iran conflict and Strait of Hormuz disruption slashed exports. • • Kuwait posted the biggest decline after a full month of export disruptions, while Saudi Arabia and Iraq also cut output. The UAE was the only Gulf producer to raise production, using export routes that bypass Hormuz. Venezuela and Libya also increased output. • • The drop came despite OPEC+ plans to increase production in April, with the war preventing the rollout of higher supply quotas
OPEC OUTPUT HITS 20-YEAR LOW AS HORMUZ CRISIS CHOKES EXPORTS • • OPEC OIL PRODUCTION FELL 830,000 BARRELS A DAY IN APRIL TO 20.04 MILLION BPD, THE LOWEST LEVEL IN MORE THAN TWO DECADES, AS THE IRAN CONFLICT AND STRAIT OF HORMUZ DISRUPTION SLASHED EXPORTS. (REUTERS) • • KUWAIT POSTED THE BIGGEST DECLINE AFTER A FULL MONTH OF EXPORT DISRUPTIONS, WHILE SAUDI ARABIA AND IRAQ ALSO CUT OUTPUT. THE UAE WAS THE ONLY GULF PRODUCER TO RAISE PRODUCTION, USING EXPORT ROUTES THAT BYPASS HORMUZ. VENEZUELA AND LIBYA ALSO INCREASED OUTPUT. (REUTERS) • • THE DROP CAME DESPITE OPEC+ PLANS TO INCREASE PRODUCTION IN APRIL, WITH THE WAR PREVENTING THE ROLLOUT OF HIGHER SUPPLY QUOTAS. (REUTERS) ...
OPEC OUTPUT HITS 20-YEAR LOW AS HORMUZ CRISIS CHOKES EXPORTS • • OPEC oil production fell 830,000 barrels a day in April to 20.04 million bpd, the lowest level in more than two decades, as the Iran conflict and Strait of Hormuz disruption slashed exports. (Reuters) • • Kuwait posted the biggest decline after a full month of export disruptions, while Saudi Arabia and Iraq also cut output. The UAE was the only Gulf producer to raise production, using export routes that bypass Hormuz. Venezuela and Libya also increased output. (Reuters) • • The drop came despite OPEC+ plans to increase production in April, with the war preventing the rollout of higher supply quotas. (Reuters)
OPEC oil production hits 36-year low According to an exclusive report by the American media outlet Bloomberg, OPEC oil production in April decreased by 420,000 barrels compared to the previous month to 20.55 million barrels per day, the lowest figure since 1990. This is while OPEC also faced a decrease of 8.6 million barrels per day in March, which is considered the largest monthly fall in recent decades. Among OPEC members, Kuwait has suffered the most losses. Saudi Arabia and the UAE are next in line. Algeria, Libya, and Congo have also experienced production declines. @Farsna - Link
Where does the news lean?
1YES31NO1neutraltrailing 24h
Average match confidence across the listed signals: 99%.
How did this market resolve?
This market will resolve to “Yes” if OPEC crude oil production (barrels per day) for the month of May, 2026, as reported in the June 2026 OPEC Monthly Oil Market Report, is above the listed amount. Otherwise, this market will resolve to “No”.
The June 2026 OPEC Monthly Oil Market Report is scheduled to be published on June 11, 2026
The relevant figure is the Total OPEC crude oil production for the month of May 2026, as reported by secondary sources. This figure is typically published in thousands of barrels per day in the row labeled “Total OPEC” of Table 5-7 of the OPEC Monthly Oil Market Report (DoC crude oil production based on secondary sources, tb/d). The figure will be converted to barrels per day for resolution.
Crude oil production for non-OPEC (including OPEC+) countries will not be considered.
If the OPEC Monthly Oil Market Report for June 2026 is not released by June 30, 2026, 11:59PM ET, or if it is released and the relevant data is not included, this market will resolve to “No”.
The resolution source for this market will be the June 2026 OPEC Monthly Oil Market Report, typically published at https://www.opec.org/monthly-oil-market-report.html.
Note: this market’s resolution source publishes crude oil production in thousands of barrels per day. Thus, this is the level of specificity that will be used to resolve this market.
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