What will be total OPEC crude oil production for October 2021?
Closed Nov 01, 2021 07:01AM UTC
There is ongoing disagreement within OPEC regarding crude oil production (Business Times, CNBC, World Oil). The outcome will be determined using monthly data for "Total OPEC" reported in the "OPEC crude oil production based on secondary sources, tb/d" table of the "World Oil Supply" section of OPEC's Monthly Oil Market Report (OPEC - Monthly Oil Market Report). The July 2021 report shows "Total OPEC" produced 26,034 thousand barrels per day (tb/d) in June 2021 (OPEC - Monthly Oil Market Report, see Table 5 - 7 on page 49 in the document). The question will be suspended on 31 October 2021 and closed when the October 2021 data are released, scheduled for November 2021.
Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here.
To learn more about how you can become a Superforecaster, see here. For other posts from our Insights blog, click here.
The question closed "More than 27,000 tb/d but fewer than 28,500 tb/d" with a closing date of 1 November 2021.
See our FAQ to learn about how we resolve questions and how scores are calculated.
|Possible Answer||Correct?||Final Crowd Forecast|
|Fewer than 25,500 tb/d||0%|
|Between 25,500 tb/d and 27,000 tb/d, inclusive||7%|
|More than 27,000 tb/d but fewer than 28,500 tb/d||88%|
|28,500 tb/d or more||5%|
Crowd Forecast Profile
|Number of Forecasters||70|
|Average for questions older than 6 months: 230|
|Number of Forecasts||201|
|Average for questions older than 6 months: 638|
|Participants in this question vs. all forecasters||average|