The new January OPEC Monthly Oil Market Report is out with crude only production numbers for December 2016. All charts are in thousand barrels per day. Indonesia has left OPEC so they are now down to 13 nations. The Indonesia historical data has … Continue reading
Tag Archives: Saudi Arabia
Jean Laherrere has posted the following charts and comments on Bakken and World oil reserves. EIA proved reserves on Bakken (ND +Montana) plus cumulative production have changed at end : -2012 3754 Mb -2013 5701 Mb -2014 7203 Mb -2015 … Continue reading
Bakken oil production was down 10,119 barrels per day in September and all North Dakota production was down 10,353 bpd in September. Bakken production continues to decline though I expect it to level off soon.
North Dakota has released August production data for the Bakken and also for all North Dakota. Bakken production was down 46,433 barrels per day to 930,931 bod, All North Dakota was down 48,695 bpd to 981,039 bpd. This is first … Continue reading
OPEC released its Monthly Oil Market Report on August 10, 2016, I have pulled some items of interest from the report. World Oil Demand World oil demand growth in 2016 is expected to average 1.22 mb/d, some 30 tb/d higher … Continue reading