The EIA STEO was published recently, the estimate for World C+C output from September 2024 to December 2024 in the chart below is based on crude oil estimates in the STEO for World minus US C+C output and the ratio of the STEO crude estimates and C+C estimates from the EIA’s International Energy Statistics for World minus US C+C output for the most recent 12 months (September 2023 to August 2024).
Comments not related to oil or natural gas in this thread please. Thanks.
Read MoreBy 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 July 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 406 kb/d in July to 81,591 kb/d, green graph. The largest increase came from Saudi Arabia, 300 kb/d. August’s World oil production is projected to increase by 295 kb/d to 81,886 kb/d.
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Read MoreBy Ovi
All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to August 2024.
U.S. August oil production increased by 195 kb/d to 13,401 kb/d to another record high. The previous record was 13,308 kb/d in December 2023. The largest increases came from Texas, 99 kb/d and New Mexico, 57 kb/d.
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