The EIA STEO was published recently the estimate below is based on data from that report and statistics from the EIA International Energy Statistics. The EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025.
Comments not related to oil or natural gas production in this thread please, thanks.
Read MoreThe OPEC Monthly Oil Market Report (MOMR) for July 2024 was published recently. The last month reported in most of the OPEC charts that follow is June 2024 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.
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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 March 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 and China is used to provide a short term outlook.
World oil production increased by 440 kb/d in March to 82,585 kb/d, green graph. The largest increase came from Saudi Arabia 100 kb/d while Brazil had the biggest drop, 92 kb/d. April’s World oil production is projected to drop by 762 kb/d to 81,823 kb/d largely due to a drop in Non-OPEC production.
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