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Your Weekly Update: 15 - 19 July 2019


  • EIA differentiates among declines in production resulting from unplanned production outages, permanent losses of production capacity, and voluntary production cutbacks for OPEC members.
  • As an example, EIA considers Iranian production declines that result from U.S. sanctions to be unplanned production outages, making Iran a significant contributor to the total OPEC unplanned crude oil production outages.
  • In the July 2019 STEO, EIA only considered about 100,000 b/d of Venezuela's 130,000 b/d production decline from January to February as an unplanned crude oil production outage.



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