Tag: Canadian Oil Production

December World Oil Production at Post-Pandemic High

Ovi 147 Comments

By Ovi

The focus of this post is World oil production along with a more detailed look at the top 11 Non-OPEC oil producing countries.

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 December 2023. 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 and China is used to provide a short term outlook. 

World oil production increased by 400 kb/d in December, green graph, to a post pandemic high. The largest increase came from Guyana, 175 kb/d. January World oil production is projected to drop by 1,744 kb/d to 81,178 kb/d. The large production drop is due to the STEO’s January estimated drop of 2,160 kb/d for all liquids. Of the 2,160, US accounts for 1,500 kb/d while Canada drops 130 kb/d and Brazil drops 280 kb/d.

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November World & Non-OPEC Oil Production

Ovi 113 Comments

By Ovi

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 2023. 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 and China is used to provide a short term outlook. 

World oil production increased by 745 kb/d in November, green graph. The largest increase came from Canada, adding 360 kb/d. December World production is projected to drop by 169 kb/d to 82,232 kb/d.

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August Non-OPEC and World Oil Production

Ovi 196 Comments

By Ovi

The EIA International Energy Statistics had a reporting hiatus from its May 2023 report to July 2023. They have restarted their reports with the August update. This report updates the POB reports and charts posted for May, June and July.

Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for Non-OPEC countries. The charts are created from data provided by the EIA’s International Energy Statistics and are updated to August 2023. This is the latest and most detailed world oil production information available. Information from other sources such as OPEC, the STEO and country specific sites such as Russia, Brazil, Norway and China is used to provide a short term outlook for future output and direction for a few of these countries and the world.

World oil production and projection charts are presented at the end of this post.

August Non-OPEC oil production dropped by 71 kb/d to 51,401 kb/d. The largest decreases came from Kazakhstan, Brazil and Russia.

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June Non-OPEC and World Oil Production

Ovi 162 Comments

By Ovi

This month’s report is a shorter version of previous posts because the EIA’s International Energy Statistics update for June is not available. Information from other sources such as OPEC, the STEO and country specific sites such as Brazil, Norway and China is used to provide a short term outlook for future output and direction for a few of these countries and the world.

Where STEO data was used, the ratio of C + C to All Liquids was calculated. The average for the last four months was used to project June, July and August production for a few countries.

World oil production and projection charts are presented at the end of this post.

The October STEO is projecting June Non-OPEC oil production to increase by 1,069 kb/d to 51,079 kb/d. Close to 500 kb/d of that increase is associated with the upward revision of Russian output from last month. In the previous EIA May report, Russian condensate was not included in Russian production.

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All September Non-OPEC Oil Production Increase from US

Ovi 181 Comments

A Guest Post by Ovi

Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for Non-OPEC countries. The charts are created from data provided by the EIA’s International Energy Statistics and are updated to September 2022. This is the latest and most detailed world oil production information available. Information from other sources such as OPEC, the STEO and country specific sites such as Russia, Brazil, Norway and China is used to provide a short term outlook for future output and direction for a few countries and the world. The US report has an expanded view beyond production by adding rig and frac charts.

September Non-OPEC oil production increased by 229 kb/d to 49,962 kb/d. All of the increase came from the US, 289 kb/d. The largest offsetting decrease came from Norway 144 kb/d. Note that August output was revised down from 49,879 to 49,733 kb/d. This means that the September increase relative to the original August estimate is 83 kb/d.

October is expected to add 527 kb/d. This appears to be optimistic based on a few country charts below which project October production. Brazil +97 kb/d, Canada -600 kb/d, Kazakhstan +235 kb/d, Norway +100 kb/d and Russia +124 kb/d for a net of -44 kb/d. Maybe the EIA is not aware of the Canadian drop in October. The positive increments add 556 kb/d.

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