The OPEC Monthly Oil Market Report (MOMR) for March 2025 was published recently. The last month reported in most of the OPEC charts that follow is February 2025 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the OPEC charts below the blue line with markers is monthly output and the thin red line is the centered twelve month average (CTMA) output.
Comments not related to oil or natural gas production in this thread please. Thank you.
Read MoreBy Ovi
The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil producing countries. OPEC production is covered in a separate post.
Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for oil producing countries. The charts are created from data provided by the EIA’s International Energy Statistics and are updated to November 2024. This is the latest and most detailed/complete World oil production information available. Information from other sources such as OPEC, the STEO and country specific sites such as Brazil, Norway, Mexico and China is used to provide a short term outlook.
World oil production increased by 238 kb/d in November to 81,921 kb/d, green graph. The largest increases came from Libya, 110 kb/d and Kazakhstan, 164 kb/d. December’s World oil production is projected to increase by 220 kb/d to 82,141 kb/d.
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Read MoreBy Ovi
All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to December 2024.
U.S. December oil production increased by 95 kb/d to 13,491 kb/d, a new all time high. It is 183 kb/d higher than December 2024. The largest increase came from the GOM, 203 kb/d. November production was revised up from last month’s 13,314 kb/d to 13,396 kb/d an increase of 82 kb/d. Production in January is expected to drop by 177 kb/d, possibly due to the drop in completions during December and January along with a drop from the GOM.
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