Month: December 2022

The EIA’s Short-Term Energy Outlook

Ron Patterson 97 Comments

The EIA’s Short-Term Energy Outlook gives the USA data as C+C as well as all liquids, OPEC as crude only, but the rest of the world is Total Liquids only. All STEO charts below are million barrels per day. Other charts, not part of the STEO, are in thousand barrels per day. Also note that the EIA post known data in bold and future predictions in a lighter font. They post known data through November 2022.

Obviously all production is not known through November, but I have not tried to guess what they do know but posted the data as they posted it, known through November. But understand the November data, as well as October data, will almost certainly be revised later.

The EIA sees World Total Liquids declining early in 2023 with no gain for the total year.

Read More

OPEC Update, December 2022

D Coyne 196 Comments

The OPEC Monthly Oil Market Report (MOMR) for December 2022 was published recently. The last month reported in most of the OPEC charts that follow is November 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
Read More

August Non-OPEC Oil Production Increases

Ovi 175 Comments

A guest post by Ovi

Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for Non-OPEC countries. The charts are created from data provided by the EIA’s International Energy Statistics and are updated to August 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.

August Non-OPEC oil production increased by 138 kb/d to 49,879 kb/d. The largest increases came from Norway 147 kb/d and Brazil 124 kb/d. The largest offsetting decrease came from Kazakhstan 179 kb/d. 

Read More