Oil Production – Page 2 – Peak Oil Barrel

OPEC Upate October 2023 and EIA International Energy Outlook 2023

10/23/202310/23/2023 D Coyne 150 Comments

The OPEC Monthly Oil Market Report (MOMR) for October 2023 was published recently. The last month reported in most of the OPEC charts that follow is September 2023 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In many of the OPEC charts that follow the blue line with markers is monthly output and the thin red line is the centered twelve month average (CTMA) output. The charts for the International Energy Outlook (IEO) will report crude plus condensate (C+C) output with annual output estimates up to 2035.

US July Oil Production Rises on Texas & GOM Jump

10/04/202310/04/2023 Ovi 147 Comments

By Ovi

All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to July 2023.

U.S. July oil production increased by 91 kb/d to 12,991 kb/d. The large increase was primarily due to a 73 kb/d increase in the GOM and a 72 kb/d increase in Texas.

The dark blue graph, taken from the September 2023 STEO, is the forecast for U.S. oil production from August 2023 to December 2024. Output for December 2024 is expected to be 13,457 kb/d which is 457 kb/d higher than the November 2019 peak of 13,000 kb/d.

OPEC Update, September 2023

09/19/202309/19/2023 D Coyne 264 Comments

The OPEC Monthly Oil Market Report (MOMR) for September 2023 was published recently. The last month reported in most of the OPEC charts that follow is August 2023 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In many of the OPEC charts that follow the blue line with markers is monthly output and the thin red line is the centered twelve month average (CTMA) output.

March 2023 Non-OPEC Oil Production Drops

07/12/202307/15/2023 Ovi 301 Comments

A post by Ovi

Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for Non-OPEC countries. Normally the charts are created from data provided by the EIA’s International Energy Statistics in the first week of the month. Unfortunately the EIA was not able to update the production information for March until today. Consequently the charts below are produced from a mixture of country specific sites such as Brazil, Norway and China and the July STEO and the International report. The International report was used to update the March production data.

Where STEO data was used, the ratio of C + C to All Liquids was calculated. The average from the last six months was used to project the March production numbers and extended to May in a few cases.

World oil production charts are found at the end of this post.

March Non-OPEC oil production dropped by 268 kb/d to 51,434 kb/d. The largest decreases came from the Russia, 300 kb/d and Brazil 146 kb/d.

STEO and Tight Oil Update, June 2023

06/26/202306/29/2023 D Coyne 297 Comments

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.