TABLE-OPEC oil output falls by 90,000 bpd in March - Reuters survey

LONDON, April 4 (Reuters) - The following table shows OPEC crude oil output in millions of barrels per day (bpd) in March and February, according to a Reuters survey published on Wednesday. In an effort to prop up prices, the Organization of the Petroleum Exporting Countries started reducing output by about 1.2 million bpd on Jan. 1, 2017, in its first supply cut since 2008. Nigeria and Libya, exempt from the curbs for 2017, told OPEC their output in 2018 would not exceed 2017 levels. The March survey indicates that output from the 12 OPEC members with supply reduction targets fell by 60,000 bpd compared to revised February output. Compared with levels from which they agreed to cut, which in most cases was October 2016 output, the 12 members have reduced production by 1.868 million bpd. Given the pledged reductions total 1.176 million bpd, that equates to 159 percent compliance, up from a revised 154 percent in February. February's total was unchanged although estimates for Iraq, Qatar, Saudi Arabia and Libya were revised. Totals in the table below are rounded. March February Baseline Pledged Cut Compliance Implied output output for cut cut achieved (pct)* target 2018 Algeria 1.00 1.03 1.089 50,000 89,000 178 1.039 Angola 1.51 1.60 1.751 78,000 241,000 309 1.673 Ecuador 0.53 0.53 0.548 26,000 18,000 69 0.522 Equatorial Guinea 0.13 0.13 0.14 12,000 10,000 83 0.128^ Gabon 0.20 0.20 0.202 9,000 2,000 22 0.193 Iran** 3.83 3.82 3.707 -90,000 -123,000 3.797 Iraq 4.40 4.38 (R) 4.561 210,000 161,000 77 4.351 Kuwait 2.70 2.70 2.838 131,000 138,000 105 2.707 Qatar 0.61 0.58 (R) 0.648 30,000 38,000 127 0.618 Saudi Arabia 9.90 9.94 (R) 10.544 486,000 644,000 133 10.058 UAE 2.87 2.80 3.013 139,000 143,000 103 2.874 Venezuela 1.56 1.59 2.067 95,000 507,000 534 1.972 TOTAL OPEC 12 29.24 29.30 31.108 1,176,000 1,868,000 159 29.932 Libya 0.97 1.03 (R) 1 Nigeria 1.98 1.95 1.8 TOTAL OPEC 14 32.19 32.28 32.732*** R = Revised * Compliance is calculated by the following method in the table above: Baseline for cut minus March output = cut achieved Cut achieved divided by pledged cut = percentage compliance ** Iran is allowed a small increase in the deal. *** OPEC 2018 implied target based on the 32.50 million bpd ceiling OPEC announced on Nov. 30, 2016, minus Indonesia, and using Libya and Nigeria's figures for their expected 2018 production as given at Nov. 30, 2017 meeting. ^ OPEC has not published a production target for Equatorial Guinea. Reuters has used the baseline given by the International Energy Agency and pledged cut by an OPEC delegate. The Reuters survey aims to assess crude supply to market, defined to exclude movements to, but not sales from, storage. Saudi and Kuwaiti data includes the Neutral Zone. Venezuelan data includes upgraded synthetic oil. Nigerian output includes the Agbami stream and excludes Akpo condensate. (Additional reporting by Rania El Gamal in Dubai; Editing by Dale Hudson)

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