April 2022 – Peak Oil Barrel

Decline in World Conventional Oil Output and Peak Oil

04/25/202204/25/2022 D Coyne 216 Comments

World Conventional Oil output peaked at a centered twelve month average (CTMA) of 74193 kb/d in July 2016. This peak is unlikely to be surpassed in the future. I do not include an estimate of unconventional oil produced in Venezuela as this data is difficult to find. In the chart below, I compare World C+C output to World conventional oil, which I define in this post as World C+C minus the sum of US tight oil and Canadian oil sands. The units for most charts (figures 11 and 12 are exceptions) will be kb/d on vertical axes. Data for oil output in all charts that follow will be the centered twelve month average output. Data is from the EIA’s International Energy Statistics.

Open Thread Non-Petroleum, April 25, 2002

04/25/202204/25/2022 D Coyne 85 Comments

Comments not related to oil or natural gas production in this thread, thanks.

OPEC Update, April 2022

04/18/202204/18/2022 D Coyne 163 Comments

The OPEC Monthly Oil Market Report (MOMR) for April 2022 was published last week. The last month reported in each of the charts that follow is March 2022 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In most of the charts that follow the blue line is monthly output and the red line is the centered twelve month average (CTMA) output.

Open Thread Non-Petroleum, April 18, 2022

04/18/202204/18/2022 D Coyne 81 Comments

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

Non-OPEC December Oil Production Drifts Lower

04/09/202204/12/2022 Ovi 229 Comments

A guest post by Ovi

Below are a number of crude oil plus condensate (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to December 2021. This is the latest and most detailed world oil information available. Information from other sources such as OPEC, the STEO and country specific sites such as Russia, Brazil, Norway and China is used to provide a short term outlook for future output and direction for a few countries and the world.

December Non-OPEC production decreased by 261 kb/d to 49,628 kb/d. Of the 261 kb/d decrease, the biggest decreases came from the US 205 kb/d, Brazil 113 kb/d and China 91 kb/d. Offsetting the decreases were increases from Norway, 117 kb/d and Guyana 86 kb/d.