OPEC - Organization of the Petroleum Exporting Countries

11/11/2026 | Press release | Distributed by Public on 11/11/2026 08:26

MOMR November 2026 (MOMR Appendix November 2026)

Contents

OPEC
Monthly Oil Market Report, November 2026
Table 11 - 1: World oil demand and production balance
Table 11 - 2: World oil demand and production balance: changes from last month's table
Table 11 - 3: OECD oil stocks and oil on water at the end of period
Table 11 - 4: Non-DoC liquids production and DoC natural gas liquids
Table 11 - 5: World rig count
The full publication is available on the OPEC website at:
OPEC : Monthly Oil Market Report
https://www.opec.org/opec_web/en/publications/338.htm

Table 11 - 1

Monthly Oil Market Report, November 2026
Table 11 - 1: World oil demand and production balance, mb/d
World oil demand and production balance 2023 2024 2025 1Q26 2Q26 3Q26 4Q26 2026 1Q27 2Q27 3Q27 4Q27 2027
World demand
Americas 25.1 25.4 25.7 25.7 25.6 26.4 26.1 25.9 25.8 25.7 26.6 26.1 26.1
of which US 20.4 20.6 20.9 20.8 20.8 21.4 21.1 21.0 20.9 20.9 21.6 21.1 21.2
Europe 13.4 13.6 13.5 13.0 13.3 13.6 13.4 13.3 13.1 13.6 13.8 13.6 13.5
Asia Pacific 7.2 7.2 7.1 7.3 6.3 6.7 7.1 6.9 7.4 6.6 6.8 7.3 7.0
Total OECD 45.8 46.2 46.3 46.0 45.1 46.6 46.6 46.1 46.3 45.9 47.3 47.0 46.6
China 16.4 16.7 16.9 17.2 15.9 16.9 17.2 16.8 17.4 16.5 17.6 17.6 17.3
India 5.3 5.6 5.7 5.9 5.3 5.4 6.2 5.7 6.1 6.0 5.8 6.4 6.1
Other Asia 9.2 9.5 9.9 10.2 10.0 9.8 9.9 10.0 10.5 10.5 10.2 10.2 10.4
Latin America 6.7 6.8 6.9 6.9 7.1 7.2 7.1 7.1 7.1 7.3 7.3 7.2 7.2
Middle East 8.5 8.7 8.8 8.6 8.4 8.9 9.1 8.8 9.0 8.8 9.3 9.4 9.1
Africa 4.7 4.7 4.9 5.1 4.7 5.0 5.4 5.0 5.2 4.9 5.2 5.5 5.2
Russia 3.8 3.9 4.0 4.1 3.9 4.1 4.2 4.1 4.1 3.9 4.1 4.3 4.1
Other Eurasia 1.2 1.3 1.3 1.5 1.3 1.2 1.4 1.3 1.5 1.4 1.2 1.4 1.4
Other Europe 0.8 0.8 0.8 0.8 0.8 0.8 0.9 0.9 0.8 0.9 0.8 0.9 0.9
Total Non-OECD 56.7 58.0 59.2 60.3 57.5 59.3 61.4 59.6 61.8 60.1 61.5 63.0 61.6
(a) Total world demand 102.4 104.1 105.5 106.3 102.6 106.0 108.0 105.7 108.1 106.1 108.8 110.1 108.3
Y-o-y change 2.6 1.7 1.4 1.6 -2.1 0.1 1.2 0.2 1.8 3.5 2.9 2.1 2.6
Non-DoC liquids production
Americas 26.7 27.7 28.3 28.3 28.9 29.2 29.3 28.9 28.9 28.9 29.2 29.4 29.1
of which US 21.0 21.8 22.2 22.2 22.8 22.9 22.9 22.7 22.5 22.8 22.8 22.8 22.7
Europe 3.6 3.5 3.6 3.8 3.6 3.4 3.7 3.6 3.6 3.5 3.4 3.6 3.5
Asia Pacific 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4
Total OECD 30.7 31.7 32.3 32.5 32.8 33.0 33.3 32.9 32.8 32.8 33.0 33.3 33.0
China 4.5 4.6 4.6 4.7 4.7 4.6 4.6 4.7 4.7 4.7 4.6 4.6 4.6
India 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8
Other Asia 1.6 1.6 1.6 1.7 1.7 1.7 1.6 1.7 1.6 1.6 1.6 1.6 1.6
Latin America 7.0 7.2 7.5 8.2 8.4 8.4 8.5 8.4 8.6 8.6 8.7 8.9 8.7
Middle East 2.0 2.0 2.0 1.5 0.6 1.0 1.4 1.1 1.3 1.3 1.4 1.4 1.4
Africa 2.2 2.3 2.3 2.2 2.2 2.2 2.3 2.3 2.3 2.3 2.3 2.3 2.3
Other Eurasia 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4
Other Europe 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Total Non-OECD 18.6 19.0 19.3 19.6 18.9 19.2 19.7 19.3 19.8 19.8 19.8 20.1 19.9
Total Non-DoC production 49.4 50.7 51.7 52.1 51.7 52.2 53.0 52.3 52.6 52.6 52.8 53.4 52.9
Processing gains 2.5 2.5 2.5 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6 2.6
Total Non-DoC liquids production 51.9 53.2 54.2 54.7 54.3 54.8 55.6 54.8 55.2 55.2 55.4 56.0 55.5
DoC NGLs 8.4 8.5 8.6 8.7 8.7 8.7 8.9 8.7 8.9 8.9 8.9 8.9 8.9
(b) Total Non-DoC liquids production and DoC NGLs 60.2 61.7 62.8 63.4 63.0 63.5 64.4 63.6 64.1 64.0 64.3 64.8 64.3
Y-o-y change 2.8 1.5 1.1 1.0 0.2 -0.1 1.9 0.7 0.8 1.0 0.8 0.4 0.7
OPEC crude oil production (secondary sources) 27.1 26.6 27.6 25.9 20.0 24.4
Non-OPEC DoC crude production 15.0 14.3 14.3 14.0 14.3 14.0
DoC crude oil production 42.1 40.9 42.0 39.9 34.3 38.3
Total liquids production 102.3 102.6 104.8 103.3 97.3 101.8
Balance (stock change and miscellaneous) -0.1 -1.5 -0.7 -3.0 -5.3 -4.2
OECD closing stock levels, mb
Commercial 2,780 2,756 2,843 2,809 2,746 2,811
SPR 1,207 1,245 1,249 1,240 1,064 1,028
Total 3,987 4,001 4,092 4,049 3,809 3,839
Oil-on-water 1,391 1,310 1,546 1,257 1,461 1,515
Days of forward consumption in OECD, days
Commercial onland stocks 60 59 62 62 59 60
SPR 26 27 27 27 23 22
Total 86 86 89 90 82 82
Memo items
(a) - (b) 42.2 42.4 42.7 42.9 39.6 42.5 43.6 42.1 44.0 42.0 44.5 45.2 43.9
Note: Totals may not add up due to independent rounding.
Source: OPEC.

Table 11 - 2

Monthly Oil Market Report, November 2026
Table 11 - 2: World oil demand and production balance: changes from last month's table* , mb/d
World oil demand and production balance 2023 2024 2025 1Q26 2Q26 3Q26 4Q26 2026 1Q27 2Q27 3Q27 4Q27 2027
World demand
Americas 0.0 0.0 0.0 0.0 0.0 -0.1 0.1 0.0 0.0 0.0 -0.1 0.0 0.0
of which US 0.0 0.0 0.0 0.0 0.0 -0.1 0.1 0.0 0.0 0.0 0.0 0.1 0.0
Europe 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Asia Pacific 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total OECD 0.0 0.0 0.0 0.0 0.0 -0.1 0.1 0.0 0.0 0.0 -0.1 0.1 0.0
China 0.0 0.0 0.0 0.0 0.0 -0.1 0.1 0.0 0.0 0.0 -0.1 0.0 0.0
India 0.0 0.0 0.0 0.0 0.0 -0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0
Other Asia 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Latin America 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Middle East 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Africa 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Russia 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Eurasia 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Europe 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Non-OECD 0.0 0.0 0.0 0.0 0.0 -0.1 0.1 0.0 0.0 0.1 0.0 0.0 0.0
(a) Total world demand 0.0 0.0 0.0 0.0 0.0 -0.3 0.3 0.0 0.0 0.1 -0.1 0.1 0.0
Y-o-y change 0.0 0.0 0.0 0.0 0.0 -0.3 0.2 0.0 0.0 0.0 0.2 -0.2 0.0
Non-DoC liquids production
Americas 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
of which US 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Europe 0.0 0.0 0.0 0.0 0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Asia Pacific 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total OECD 0.0 0.0 0.0 0.0 0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
China 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
India 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Asia 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Latin America 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Middle East 0.0 0.0 0.0 0.0 0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Africa 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Eurasia 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Other Europe 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Non-OECD 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Non-DoC production 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Processing gains 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Total Non-DoC liquids production 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
DoC NGLs 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
(b) Total Non-DoC liquids production and DoC NGLs 0.0 0.0 0.0 0.0 0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Y-o-y change 0.0 0.0 0.0 0.0 0.0 -0.1 0.0 0.0 0.0 0.0 0.1 0.0 0.0
OPEC crude oil production (secondary sources) 0.0 0.0 0.0 0.0 0.0 0.0
Non-OPEC DoC crude production 0.0 0.0 0.0 0.0 0.0 -0.1
DoC crude oil production 0.0 0.0 0.0 0.0 0.0 -0.1
Total liquids production 0.0 0.0 0.0 0.0 0.0 -0.2
Balance (stock change and miscellaneous) 0.0 0.0 0.0 0.0 0.0 0.1
OECD closing stock levels, mb
Commercial 0 0 1 - 5
SPR 0 0 0 0 0
Total 0 0 1 - 5
Oil-on-water 0 0 0 0 0
Days of forward consumption in OECD, days
Commercial onland stocks 0 0 0 0 -
SPR 0 0 0 0 -
Total 0 0 0 0 -
Memo items
(a) - (b) 0.0 0.0 0.0 0.0 0.0 -0.2 0.2 0.0 0.0 0.1 -0.1 0.1 0.0
Note: * This compares Table 11 - 1 in this issue of the MOMR with Table 11 - 1 in the October 2026 issue.
This table shows only where changes have occurred.
Source: OPEC.

Table 11 - 3

Monthly Oil Market Report, November 2026
Table 11 - 3: OECD oil stocks and oil on water at the end of period
OECD oil stocks and oil on water 2023 2024 2025 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26
Closing stock levels, mb
OECD onland commercial 2,780 2,756 2,843 2,756 2,752 2,789 2,868 2,843 2,809 2,746 2,811
Americas 1,520 1,497 1,552 1,497 1,462 1,504 1,561 1,552 1,543 1,475 1,514
Europe 907 925 925 925 941 920 950 925 939 917 930
Asia Pacific 353 334 366 334 349 365 358 366 328 353 367
OECD SPR 1,207 1,245 1,249 1,245 1,244 1,241 1,238 1,249 1,240 1,064 1,028
Americas 357 395 414 395 398 404 408 414 416 323 286
Europe 466 466 454 466 461 457 453 454 446 446 441
Asia Pacific 384 384 380 384 386 380 377 380 379 295 301
OECD total 3,987 4,001 4,092 4,001 3,996 4,030 4,106 4,092 4,049 3,809 3,839
Oil-on-water 1,391 1,310 1,546 1,310 1,364 1,383 1,461 1,546 1,257 1,461 1,515
Days of forward consumption in OECD, days
OECD onland commercial 60 59 62 60 60 59 62 62 62 59 60
Americas 60 58 60 59 57 57 60 60 60 56 58
Europe 67 68 69 71 68 67 70 71 71 68 69
Asia Pacific 49 47 53 45 51 53 50 50 52 53 52
OECD SPR 26 27 27 27 27 26 27 27 27 23 22
Americas 14 15 16 16 16 15 16 16 16 12 11
Europe 34 34 34 36 33 33 34 35 34 33 33
Asia Pacific 53 54 55 52 56 55 52 52 60 44 42
OECD total 86 86 89 88 87 86 88 89 90 82 82
Sources: Argus, EIA, IEA, JODI, METI, OilX and OPEC.

Table 11 - 4

Monthly Oil Market Report, November 2026
Table 11 - 4: Non-DoC liquids production and DoC natural gas liquids, mb/d*
c
Non-DoC liquids production and DoC NGLs Change Change Change
2025 25/24 1Q26 2Q26 3Q26 4Q26 2026 26/25 1Q27 2Q27 3Q27 4Q27 2027 27/26
US 22.2 0.5 22.2 22.8 22.9 22.9 22.7 0.5 22.5 22.8 22.8 22.8 22.7 0.0
Canada 6.1 0.1 6.2 6.0 6.3 6.3 6.2 0.1 6.3 6.1 6.3 6.5 6.3 0.1
Chile 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
OECD Americas 28.3 0.6 28.3 28.9 29.2 29.3 28.9 0.6 28.9 28.9 29.2 29.4 29.1 0.2
Norway 2.0 0.0 2.2 2.0 2.0 2.0 2.1 0.0 2.0 1.9 2.0 2.0 2.0 -0.1
UK 0.7 0.0 0.7 0.7 0.6 0.7 0.7 -0.1 0.7 0.7 0.6 0.7 0.6 -0.0
Denmark 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 -0.0
Other OECD Europe 0.8 0.0 0.8 0.8 0.8 0.8 0.8 0.0 0.8 0.8 0.8 0.8 0.8 0.0
OECD Europe 3.6 0.1 3.8 3.6 3.4 3.7 3.6 -0.0 3.6 3.5 3.4 3.6 3.5 -0.1
Australia 0.3 -0.0 0.3 0.3 0.3 0.3 0.3 -0.0 0.3 0.3 0.3 0.3 0.3 -0.0
Other OECD Asia Pacific 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 0.0
OECD Asia Pacific 0.4 -0.0 0.4 0.4 0.4 0.4 0.4 -0.0 0.4 0.4 0.4 0.4 0.4 -0.0
Total OECD 32.3 0.6 32.5 32.8 33.0 33.3 32.9 0.6 32.8 32.8 33.0 33.3 33.0 0.1
China 4.6 0.1 4.7 4.7 4.6 4.6 4.7 0.0 4.7 4.7 4.6 4.6 4.6 -0.0
India 0.8 0.0 0.8 0.8 0.8 0.8 0.8 -0.0 0.8 0.8 0.8 0.8 0.8 -0.0
Indonesia 0.9 0.0 0.8 0.8 0.8 0.9 0.8 -0.0 0.8 0.8 0.8 0.8 0.8 -0.0
Thailand 0.4 0.0 0.4 0.4 0.4 0.4 0.4 0.0 0.4 0.4 0.4 0.4 0.4 -0.0
Vietnam 0.2 0.0 0.2 0.2 0.2 0.2 0.2 0.0 0.2 0.2 0.2 0.2 0.2 0.0
Asia others 0.2 -0.0 0.2 0.2 0.2 0.2 0.2 0.0 0.2 0.2 0.2 0.2 0.2 -0.0
Other Asia 1.6 0.0 1.7 1.7 1.7 1.6 1.7 0.0 1.6 1.6 1.6 1.6 1.6 -0.0
Argentina 1.0 0.1 1.0 1.1 1.1 1.1 1.1 0.1 1.1 1.1 1.2 1.2 1.2 0.1
Brazil 4.4 0.2 4.8 5.0 5.0 4.9 4.9 0.5 4.9 5.0 5.1 5.1 5.0 0.1
Colombia 0.8 -0.0 0.8 0.7 0.7 0.8 0.8 -0.0 0.8 0.7 0.8 0.7 0.7 -0.0
Ecuador 0.4 -0.1 0.4 0.4 0.4 0.4 0.4 0.0 0.4 0.4 0.4 0.4 0.4 -0.0
Latin America others 1.0 0.1 1.2 1.2 1.2 1.3 1.2 0.2 1.3 1.3 1.3 1.4 1.4 0.2
Latin America 7.5 0.3 8.2 8.4 8.4 8.5 8.4 0.8 8.6 8.6 8.7 8.9 8.7 0.4
Qatar 1.9 -0.0 1.4 0.5 0.9 1.2 1.0 -0.9 1.2 1.2 1.2 1.3 1.2 0.2
Middle East others 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.0
Middle East 2.0 0.0 1.5 0.6 1.0 1.4 1.1 -0.9 1.3 1.3 1.4 1.4 1.4 0.2
Angola 1.1 -0.1 1.1 1.1 1.0 1.0 1.1 -0.0 1.0 1.0 1.0 1.0 1.0 -0.0
Chad 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 -0.0
Egypt 0.5 -0.0 0.5 0.5 0.5 0.5 0.5 -0.0 0.5 0.5 0.5 0.5 0.5 -0.0
Ghana 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 -0.0
South Africa 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 -0.0
Africa others 0.3 0.1 0.3 0.3 0.3 0.5 0.4 0.0 0.4 0.4 0.4 0.4 0.4 0.1
Africa 2.3 -0.1 2.2 2.2 2.2 2.3 2.3 -0.0 2.3 2.3 2.3 2.3 2.3 0.0
Other Eurasia 0.4 -0.0 0.4 0.4 0.4 0.4 0.4 -0.0 0.4 0.4 0.4 0.4 0.4 -0.0
Other Europe 0.1 -0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.0
Total Non-OECD 19.3 0.3 19.6 18.9 19.2 19.7 19.3 0.0 19.8 19.8 19.8 20.1 19.9 0.5
Non-DoC production 51.7 1.0 52.1 51.7 52.2 53.0 52.3 0.6 52.6 52.6 52.8 53.4 52.9 0.6
Processing gains 2.5 0.0 2.6 2.6 2.6 2.6 2.6 0.0 2.6 2.6 2.6 2.6 2.6 0.0
Non-DoC liquids production 54.2 1.0 54.7 54.3 54.8 55.6 54.8 0.6 55.2 55.2 55.4 56.0 55.5 0.6
DoC NGLs 8.6 0.1 8.7 8.7 8.7 8.9 8.7 0.1 8.9 8.9 8.9 8.9 8.9 0.1
Non-DoC liquids production and DoC NGLs 62.8 1.1 63.4 63.0 63.5 64.4 63.6 0.7 64.1 64.0 64.3 64.8 64.3 0.7
Note: Totals may not add up due to independent rounding.
Source: OPEC.

Table 11 - 5

Monthly Oil Market Report, November 2026
Table 11 - 5: World rig count, units
Change Change
World rig count 2023 2024 2025 2025/24 1Q26 2Q26 3Q26 Sep 26 Oct 26 Oct/Sep
US 688 599 562 -37 548 555 589 593 602 9
Canada 177 188 177 -11 201 151 206 204 220 16
Mexico 55 50 25 -25 31 26 30 33 30 -3
OECD Americas 921 839 765 -74 780 732 825 832 854 22
Norway 17 13 16 3 16 14 15 15 14 -1
UK 12 8 8 0 6 8 9 10 8 -2
OECD Europe 66 64 66 2 66 67 84 88 82 -6
OECD Asia Pacific 25 25 18 -7 19 20 20 19 19 0
Total OECD 1,012 927 849 -78 865 819 929 939 955 16
Other Asia* 204 212 201 -11 195 194 199 201 196 -5
Latin America 120 104 107 3 105 109 108 108 111 3
Middle East 61 62 62 0 61 58 64 67 65 -2
Africa 67 52 44 -8 42 48 47 49 45 -4
Other Europe 11 9 11 2 11 9 9 9 9 0
Total Non-OECD 463 439 425 -14 414 418 427 434 426 -8
Non-OPEC rig count 1,475 1,367 1,274 -93 1,279 1,237 1,356 1,373 1,381 8
Algeria 36 42 43 1 40 42 42 42 47 5
Congo 1 1 1 0 2 2 2 2 2 0
Equatorial Guinea** 0 0 0 0 0 0 0 0 0 0
Gabon 3 4 3 -1 5 5 3 3 3 0
Iran** 117 117 117 0 117 117 117 117 117 0
Iraq 61 62 62 0 59 14 17 24 25 1
Kuwait 24 31 34 3 42 39 39 40 42 2
Libya 14 18 18 0 18 22 28 29 29 0
Nigeria 14 15 13 -2 16 16 19 20 19 -1
Saudi Arabia*** 83 295 248 -47 252 266 270 262 254 -8
UAE 57 66 74 8 72 72 75 76 78 2
Venezuela 2 2 1 -1 2 2 2 2 7 5
OPEC rig count 412 653 615 -38 625 597 614 617 623 6
World rig count**** 1,887 2,019 1,890 -129 1,904 1,834 1,970 1,990 2,004 14
of which:
Oil 1,498 1,559 1,425 -134 1,413 1,353 1,456 1,469 1,498 29
Gas 357 413 409 -4 433 427 449 455 442 -13
Others 32 47 56 9 58 54 65 67 65 -3
Note: * Other Asia includes India and offshore rigs for China.
** Estimated data when Baker Hughes Incorporated did not reported the data.
*** Since January 2024, Baker Hughes counts all operating rigs in Saudi Arabia; other countries reflect only active rigs.
**** Data excludes onshore China, as well as Russia and other Eurasian countries.
Totals may not add up due to independent rounding.
Sources: Baker Hughes Incorporated and OPEC.
OPEC - Organization of the Petroleum Exporting Countries published this content on November 11, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 11, 2026 at 14:26 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]