The OPEC Monthly Oil Market Report (MOMR) for June 2023 was published recently. The last month reported in most of the OPEC charts that follow is May 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.
World C+C production increased by 524,000 barrels per day in February to a post-pandemic high.
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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.
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All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs March Petroleum Supply monthly PSM which provides updated information up to January 2023.
U.S. oil production increased by 437 kb/d to 12,462 kb/d, a post pandemic high. For January, the GOM contributed 125 kb/d to this high. The states with the largest increase were North Dakota with 97 kb/d followed by Texas with 76 kb/d.
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All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs December Petroleum Supply monthly PSM which provides updated information up to October 2022.
U.S. October production increased by 69 kb/d to 12,381 kb/d to a New post pandemic high. It should be noted that September’s oil production increase of 289 kb/d to 12,268 kb/d which was reported last month and was considered high, was revised further up by 44 kb/d to 12,312 kb/d in the current October report. For September, the state with the largest increase was New Mexico 41 kb/d, along with a number of small increases from the smaller producing states.
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