Month: October 2022

The EIA’s Short-Term Energy Outlook

Ron Patterson 165 Comments

The EIA’s Short-Term Energy Outlook data is presented as “Petroleum and Other Liquids”. The EIA definition:

“Petroleum and other liquids:  All petroleum including crude oil and products of petroleum refining, natural gas liquids, biofuels, and liquids derived from other hydrocarbon sources (including coal to liquids and gas to liquids). Not included are liquefied natural gas (LNG) and liquid hydrogen.”

Other liquids include biofuels. Most biofuels come from Brazil. Brazil produces about one million barrels per day of ethanol during its winter months there and none during its summer months. The cane is cut in the fall and has fermented to alcohol by the winter months. So they have huge seasonal swings in production. In order to get a meaningful chart of other liquids, you must remove the Brazil biofuels from the mix.

From January 2018 to June 2022 World Other Liquids, less Brazil, increased by two million barrels per day. The data in the chart above is in thousand barrels per day. Total World Other Liquids, in June 2022 stood at 15.5 million barrels per day.

All charts below are Petroleum plus Other Liquids unless otherwise specified. None of the charts, except the OPEC C+C chart, and the World Liquids chart above, includes OPEC countries.

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OPEC Update, October 2022

D Coyne 141 Comments

The OPEC Monthly Oil Market Report (MOMR) for October 2022 was published recently. The last month reported in most of the OPEC charts that follow is September 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.  Note however there are a few exceptions to this for OPEC+ charts near the end of the post where EIA C+C data was used which has the most recent data from June 2022 (so three months behind the OPEC crude only data in most of the charts that follow.)

Figure 1
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June Non-OPEC Oil Production Rises from U.S. and Russia Boost

Ovi 293 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 June 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.

June Non-OPEC production increased by 178 kb/d to 48,990 kb/d. The largest increases came from Russia, 510 kb/d and the U.S., 201 kb/d. The largest offsetting decreases came from Kazakhstan, 381 kb/d and Norway, 285 kb/d. 

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