Ron Patterson – Page 4 – Peak Oil Barrel

Open Thread Non-Petroleum, August 14, 2020

Comments not related to oil or natural gas production in this thread please.

All OPEC data below is from the July 2020 OPEC Monthly Oil Market Report.

All OPEC data is through June 2020 and is in thousand barrels per day. All copied and pasted texts are in italics.

OPEC cut further in June, down almost 1.2 million barrels per day. They are down about 6.8 million barrels per day since November 2019.

All OPEC major producers cut production in June. The tiny producers didn’t seem to bother.

All OPEC charts below were taken from the latest OPEC Monthly Oil Market Report.

All data is through May 2020 and is in thousand barrels per day.

OPEC crude only production was down 6,300,000 barrels per day in May.

Oil production in every OPEC Nation except Iran was down in May.

Comments not related to oil and/or natural gas production in this thread, please. Thank you.

All OPEC data in the charts below are from the OPEC Monthly Oil Market Report. The data is through April and is in thousand barrels per day.

OPEC 13 crude oil production was up 1.8 million barrels per day in April. They are about 3 million barrels per day below their November 2016 High.

As you can see the increase came from only three countries, Saudi Arabia, Kuwait, and the United Arab Emirates.