The OPEC Monthly Oil Market Report (MOMR) for March 2024 was published recently. The last month reported in most of the OPEC charts that follow is February 2024 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the OPEC charts that follow 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 18, 2024
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Read MoreUS December Oil Production Flat
By Ovi
All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to December 2023.
U.S. December oil production decreased by 4 kb/d to 13,315 kb/d. The small decrease was a mix of increases and decreases that netted out to a negligible decrease. The largest decrease came from Texas, 20 kb/d, offset by a New Mexico increase of 23 kb/d.
Read MoreOpen Thread Non-Petroleum, March 8, 2024
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Read MoreShort Term Energy Outlook and Tight Oil Update, February 2024
The EIA’s Short Term Energy Outlook (STEO) was published in early February. The chart below estimates World C+C by using the STEO forecast combined with past data from the EIA on World Output.