Month: September 2022

Norway August Oil Production Rebounds

Ovi 204 Comments

A guest post by Ovi

Typically the POB posts have a theme. However due to EIA schedule changes for issuing their reports and missing EIA reports, this post contains oil production updates for a several Non-OPEC countries plus the September DPR report. The country updates come from a combination of official country websites and news articles.

The Norway Petroleum Directorate (NPD) reported that production rebounded from June to July to 1,664 kb/d and then rose to 1,773 kb/d in August. (Red markers.). According to the NPD: “Oil production in August was 3.1 percent lower than the NPD’s forecast and 4.7 percent lower than the forecast so far this year.” 

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OPEC Update, September 18, 2022

D Coyne 195 Comments

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

Figure 1
Figure 2
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May Non-OPEC Oil Production Declines Again

Ovi 260 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 May 2022. This is the latest and most detailed world oil production 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. The US report has an expanded view beyond production by adding rig and frac charts.

May Non-OPEC production decreased by 148 kb/d to 48,834 kb/d. The biggest decliners were Canada 193 kb/d, Brazil 120 kb/d, US 56 kb/d and Norway 38 kb/d. The biggest offsetting increases came from from Kazakhstan 148 kb/d and Russia 145 kb/d.

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