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TABLE-OPEC oil output falls by 750,000 bpd in September -Reuters survey

LONDON, Sept 30 (Reuters) - The following table shows crude oil output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in September and August, according to a Reuters survey published on Monday. OPEC, Russia and other non-members - an alliance known as OPEC+ - agreed in December to reduce supply by 1.2 million bpd in 2019. OPEC's share of that cut is 800,000 bpd among the 11 members participating in the deal. The September survey indicates that total OPEC output fell by 750,000 bpd. Compared with the levels from which they agreed to cut, which in most cases was October 2018 output, the 11 members have reduced production by 1.769 million bpd. Given the pledged reductions total 812,000 bpd, that equates to 218% compliance. August compliance was 131%. August's estimate was revised upwards by a total of 40,000 bpd after new information on output in Kuwait and Saudi Arabia.

September August Baseline Pledged Cut Compliance 2019output output for cut cut achieved (%)* target***Algeria 1.02 1.03 1.057 32,000 37,000 116

1.025

Angola 1.4 1.36 1.528 47,000 128,000 272

1.481

Congo 0.33 0.34 0.325 10,000.000 -5,000negative 0.315Ecuador 0.54 0.54 0.524 16,000 -16,000negative 0.508Eq. Guinea 0.11 0.11 0.127 4,000 17,000 425

0.123

Gabon 0.21 0.2 0.187 6,000 -23,000negative 0.181Iraq 4.67 4.76 4.653 141,000 -17,000negative 4.512Kuwait 2.63 2.60 (R) 2.809 85,000 179,000 211

2.724

Nigeria 1.95 1.93 1.738 53,000 -212,000negative 1.685Saudi Arabia 9.05 9.75 (R) 10.633 322,000 1,583,000 492

10.311

UAE 3.07 3.065 3.168 96,000 98,000 102

3.072

TOTAL OPEC 11 24.98 25.685 (R) 26.749 812,000 1,769,000 218

25.937

Iran** 2.07 2.1Libya** 1.2 1.13Venezuela** 0.65 0.73TOTAL OPEC 14 28.9 29.65(R)

NOTES: (R) = Revised. Totals are rounded.

*Compliance is calculated by the following method in the table above. Baseline for cut minus September output = cut achieved. Cut achieved divided by pledged cut = percentage compliance.

**Iran, Libya and Venezuela are exempt from making voluntary output cuts.

***Targets and pledged cuts apply from Jan. 1, 2019, and are as published on OPEC's website. 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 is defined to include the Agbami and Egina streams and exclude Akpo condensate.

(Editing by David Goodman)