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BPD
Example Sentences
The eight members, also referred to as the V8, then started in October to gradually unwind a separate batch of previous cuts totaling 1.65 million bpd.
The four-week average of total petroleum products supplied, which is a proxy for demand, was at 20.381 million bpd for the week ended Nov. 21, compared to the four-week average of 20.291 million bpd for the same week a year ago, according to a report from the Energy Information Administration released Wednesday.
Venezuela’s output edged up to about 945,000 barrels per day in the third quarter of this year, from around 867,000 bpd in 2024, according to a monthly oil report by the Organization of the Petroleum Exporting Countries released Wednesday.
However, that’s a roughly 70% drop from five years ago, when it was producing an estimated 3.2 million bpd, according to the U.S.
For comparison, OPEC’s largest oil exporter, Saudi Arabia, saw third-quarter oil production of 9.705 million bpd.
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