Peak Oil Barrel – The Reported Death of Peak Oil Has Been Greatly Exaggerated

Short Term Energy Outlook, March 2025

03/27/202503/27/2025 D C 57 Comments

The EIA Short Term Energy Outlook (STEO) was published recently. An estimate for World C+C output from 2015 to 2026, with forecast values for 2024 to 2026 based on the recent STEO n chart below. A slightly different methodology was used this month by looking at World C+C minus US C+C from the EIA’s International Energy Statistics and World crude minus US Crude as reported in the STEO to find World minus US condensate output. The trend for the condensate data from 2018 to 2023 was used to project condensate from 2024 to 2026 for World minus US and then the forecast for US C+C was added to the World minus US crude forecast along with the condensate forecast to arrive at World C+C.

Open Thread Non-Petroleum, March 27, 2025

03/27/202503/27/2025 D C 59 Comments

Comments not related to oil or natural gas production in this thread please. Thanks.

OPEC Update, March 2025

03/20/202503/20/2025 D C 145 Comments

The OPEC Monthly Oil Market Report (MOMR) for March 2025 was published recently. The last month reported in most of the OPEC charts that follow is February 2025 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the OPEC charts below the blue line with markers is monthly output and the thin red line is the centered twelve month average (CTMA) output.

Open Thread Non-Petroleum, March 20, 2025

03/20/202503/20/2025 D C 76 Comments

Comments not related to oil or natural gas production in this thread please. Thank you.

November Non-OPEC and World Oil Production Rose

03/12/202503/12/2025 Ovi 145 Comments

By Ovi

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil producing countries. OPEC production is covered in a separate post.

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 2024. 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, Mexico and China is used to provide a short term outlook.

World oil production increased by 238 kb/d in November to 81,921 kb/d, green graph. The largest increases came from Libya, 110 kb/d and Kazakhstan, 164 kb/d. December’s World oil production is projected to increase by 220 kb/d to 82,141 kb/d.