Is Non-OPEC Beginning Serious Decline?

The EIA’s Monthly Energy Review just came out. They have the U.S. production numbers through December along with World, OPEC C+C, Non-OPEC and selected Non-OPEC nations through October. All EIA data is in thousand barrels per day.

Notice: When I use the term “peaked” below, I am referring to the most recent peak, not the all time peak and not necessarily the final peak. 

USA

United States C+C production peaked in April at 9,694,000 bpd and has dropped half a million barrels per day by December to 9,191,000 bpd.

Read More