Month: April 2025

Short Term Energy Outlook, April 2025

D C 123 Comments

The EIA Short Term Energy Outlook (STEO) was published recently. An estimate for World C+C output from 2018 to 2026, with forecast values for 2025 to 2026 based on the recent STEO in chart below. The estimate for World C+C is based on World C+C minus US C+C from the EIA’s International Energy Statistics and World crude minus US Crude as reported in the April STEO to find World minus US condensate output. The trend for the condensate data from Jan 2020 to December 2024 was used to project condensate from Jan 2025 to December 2026 for World minus US and then the forecast for US C+C was added to the World minus US crude forecast along with the condensate forecast to arrive at World C+C.

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December Non-OPEC and World Oil Production Rose

Ovi 114 Comments

By 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 December 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, Mexico, Argentina and China is used to provide a short term outlook. 

World oil production increased by 383 kb/d in December to 82,386 kb/d, green graph. The largest increases came from Brazil, 109 kb/d and US, 95 kb/d. January’s World oil production is projected to decrease by 165 kb/d to 82,121 kb/d.

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January’s US Oil Production Drops Big

Ovi 129 Comments

By Ovi

All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to January 2025.

U.S. January oil production decreased by 305 kb/d to 13,146 kb/d, 158 kb/d lower than December 2023. The largest decreases came from Texas and New Mexico. December production was revised down from last month’s 13,491 kb/d to 13,451 kb/d a decrease of 40 kb/d. Production in February is expected to increase by 392 kb/d.

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