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Author: D Coyne
OPEC Update, May 2022
The OPEC Monthly Oil Market Report (MOMR) for May 2022 was published last week. The last month reported in each of the charts that follow is April 2022 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In most of the charts that follow the blue line is monthly output and the red line is the centered twelve month average (CTMA) output.
Open Thread Non-Petroleum, May 19, 2022
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Decline in World Conventional Oil Output and Peak Oil
World Conventional Oil output peaked at a centered twelve month average (CTMA) of 74193 kb/d in July 2016. This peak is unlikely to be surpassed in the future. I do not include an estimate of unconventional oil produced in Venezuela as this data is difficult to find. In the chart below, I compare World C+C output to World conventional oil, which I define in this post as World C+C minus the sum of US tight oil and Canadian oil sands. The units for most charts (figures 11 and 12 are exceptions) will be kb/d on vertical axes. Data for oil output in all charts that follow will be the centered twelve month average output. Data is from the EIA’s International Energy Statistics.
Open Thread Non-Petroleum, April 25, 2002
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