Tag: India

World Oil Production, September Numbers

Ron Patterson 317 Comments

The EIA has published International Energy Statistics with Crude + Condensate numbers for September 2014. As most of you know I only follow Crude + Condensate because I believe that biofuels and natural gas liquids should not be part of the peak oil equation.

The data in all charts is thousand barrels per day with the last data point September 2014.

World

World oil production was up 1,270,000 barrels per day in September. This was somewhat of a shocker. I had expected production to be up about .9 mbd but not this much.

Non-OPEC

Non-OPEC nations accounted for 833,000 bp/d of the increase.

OPEC C+C

And OPEC nations accounted for 438,000 bpd of the increase. The EIA said OPEC produced 32,734,000 barrels per day of C+C in September. OPEC’s “secondary sources” said OPEC produced 30,560,000 barrels of Crude Only in September. OPEC’s crude only production had dropped to 30,053,000 bpd in November, or over half a million barrels per day lower.

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The EIA’s World Oil Production Numbers

Ron Patterson 395 Comments

The EIA has recently published their International Energy Statistics. Their stats include all liquids such as NGLs, biofuels and even refinery process gain. But I only track actual oil. The EIA does not track “Crude Only” so we are forced to track what they do track which is Crude + Condensate.

The EIA is about four months behind with their world petroleum data. All data in this report has data through August, 2014 and is in thousand barrels per day.

World

World C+C production was down 124,000 barrels per day in August. But according to the IEA it will be up considerably more in September.

Non-OPEC

Non OPEC production shot up in November, 2013 but has made no progress since. Though US production has continued to climb, declines in the rest of the world have kept it from increasing.
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