The OPEC Monthly Oil Market Report (MOMR) for April 2025 was published recently. The last month reported in most of the OPEC charts that follow is March 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.
Comments not related to oil or natural gas production in this thread please. Thank you.
Read MoreThe EIA Short Term Energy Outlook (STEO) was published recently. An estimate for World C+C output from 2018 to 2026, with forecast values for 2025 to 2026 based on the recent STEO in chart below. The estimate for World C+C is based on World C+C minus US C+C from the EIA’s International Energy Statistics and World crude minus US Crude as reported in the April STEO to find World minus US condensate output. The trend for the condensate data from Jan 2020 to December 2024 was used to project condensate from Jan 2025 to December 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.
Comments not related to oil or natural gas production in this thread please. Thank you.
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 December 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, Argentina and China is used to provide a short term outlook.
World oil production increased by 383 kb/d in December to 82,386 kb/d, green graph. The largest increases came from Brazil, 109 kb/d and US, 95 kb/d. January’s World oil production is projected to decrease by 165 kb/d to 82,121 kb/d.
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