A post by Ovi at peakoilbarrel
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics and updated to December 2020. Information from other sources such as OPEC, the STEO and country specific sites such as Russia, Norway and China is used to provide a short term outlook for future output and direction for a few countries and the world.
The creaming curve for lease sales in Brazil looks like it is turning towards the asymptote overall. Unfortunately there is insufficient data provided to allow land and marine leasing to be separated but I expect that the curve for land is close to the limit but that for marine areas is barely half way. The average take up of offers has remained high, which suggests APB, the Brazilian authority in charge, is discerning about what it offers.
A post by Ovi at peakoilbarrel
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to April 2020. Information from other sources such as the OPEC and country specific sites is used to provide a short term outlook for future output and direction.
All OPEC data below is from the August OPEC Monthly Oil Market Report. The data is through July 2020 and is in thousand barrels per day.
OPEC crude only was up almost one million barrels per day in July.
The lions share of the increase in OPEC production came Saudi Arabia. Iraq, Kuwait, and the UAE accounted for the rest.
Read MoreMost of the data below is taken from from the EIA’s Short-Term Energy Outlook. The data through February, 2019 is the EIA’s best estimate of past production and all data from March 2019 through December 2020 is the EIA’s best estimate of future production. However in most cases February production is highly speculative so I drew the “projection” line between January and February.
Understand the above chart is Total Liquids, not C+C as I usually post. As you can see the EIA expects world petroleum liquids to keep climbing ever upwards.
This is the EIA’s data for OPEC all liquids with Production data from April 2019 through December 2020.