The EIA’s Short Term Energy Outlook (STEO) was published in early June. The chart below estimates World C+C by using the STEO forecast combined with past data from the EIA on World Output.
STEO and Tight Oil Update, June 2023
Category: Non-OPEC production
World Oil Production up in February
World C+C production increased by 524,000 barrels per day in February to a post-pandemic high.
Read MoreNon-OPEC’s December Oil Production Drops
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 December 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 of these countries and the world. The US report has an expanded view beyond production by adding rig and frac spread charts.
December Non-OPEC oil production decreased by 317 kb/d to 50,784 kb/d. The largest decrease came from the US, 276 kb/d.
Read MoreEIA Short Term Energy Outlook and Annual Energy Outlook 2023
The EIA updated the Short Term Energy Outlook (STEO) in March and also released the 2023 version of the Annual Energy Outlook in March. This post will take a brief look at both of these reports with a focus on Crude plus Condensate (C+C) Output for the World, OPEC and Non-OPEC in the case of the STEO through the fourth quarter of 2024 and US C+C output for three oil price cases from 2022 to 2050, reference (medium oil price), high and low oil price cases.
Non-OPEC’s November Oil Production Increase Offsets OPEC’s Cutback
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 November 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 of these countries and the world. The US report has an expanded view beyond production by adding rig and frac spread charts.
November Non-OPEC oil production increased by 502 kb/d to 51,099 kb/d. The majority of the increase came from Kazakhstan and Russia.
In the last report, the forecast for November production was 51,051 kb/d. It was low by 48 kb/d.
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