The EIA STEO was published recently, the estimate for World C+C output from September 2024 to December 2025 in the chart below is based on crude oil estimates in the STEO for World minus US C+C output and the trend in the ratio of the STEO crude estimates and C+C estimates from the EIA’s International Energy Statistics for World minus US C+C output for the most recent 48 months (September 2020 to August 2024).
By Ovi
The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil producing countries. OPEC production is covered in a separate post.
Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for oil producing countries. The charts are created from data provided by the EIA’s International Energy Statistics and are updated to July 2024. This is the latest and most detailed/complete World oil production information available. Information from other sources such as OPEC, the STEO and country specific sites such as Brazil, Norway, Mexico and China is used to provide a short term outlook.
World oil production increased by 126 kb/d in August to 81,724 kb/d, green graph. The largest increase came from the U.S., 195 kb/d. September’s World oil production is projected to decrease by 880 kb/d to 81,844 kb/d. The countries contributing to the large September decrease are Norway and Libya, 180 kb/d and 400+ kb/d respectively.
Read MoreBy Ovi
The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil producing countries. OPEC production is covered in a separate post.
Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for oil producing countries. The charts are created from data provided by the EIA’s International Energy Statistics and are updated to July 2024. This is the latest and most detailed/complete World oil production information available. Information from other sources such as OPEC, the STEO and country specific sites such as Brazil, Norway, Mexico and China is used to provide a short term outlook.
World oil production increased by 406 kb/d in July to 81,591 kb/d, green graph. The largest increase came from Saudi Arabia, 300 kb/d. August’s World oil production is projected to increase by 295 kb/d to 81,886 kb/d.
Read MoreBy Ovi
All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to July 2024.
U.S. July oil production dropped by 25 kb/d to 13,205 kb/d. The largest decreases came from Texas, 34 kb/d and North Dakota, 20 kb/d.
Read MoreBy Ovi
All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM which provides updated information up to June 2024.
U.S. June oil production rose by 25 kb/d to 13,214 kb/d. The largest increase came from Texas, 58 kb/d while 7 states had production drops totalling 51 kb/d.
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