Production Projections – Page 17

May Non-OPEC Oil Production drops to 2013 levels

09/21/202009/21/2020 Ovi 189 Comments

A post by Ovi on peakoilbarrel

Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to May 2020. Information from other sources such as the OPEC and country specific sites is used to provide a short term outlook for future output and direction.

Non-OPEC production dropped slowly from a high of 52,638 kb/d in December 2019 to 52,396 kb/d in March 2020. In April that changed when we saw the first big drop in output from the Non-OPEC countries associated with Covid and with the drop in world oil prices. May output collapsed to 45,340 kb/d, which is close to the production level in September 2013.

US June Oil Production Rebounds

08/31/202009/01/2020 Ovi 206 Comments

A post by Ovi at peakoilbarrel

All of the oil (C + C) production data for the US states comes from the EIAʼs Petroleum Supply monthly PSM. After the production charts, an analysis of three EIA monthly reports projecting future production is provided. The charts below are updated to June 2020 for the 10 largest US oil producing states.

June’s production rebounded from May’s low by adding 420 kb/d. May’s output was revised up by 15 kb/d from the EIA’s July report.

Non-OPEC Oil Production Collapses in April

08/21/202008/27/2020 Ovi 188 Comments

A post by Ovi at peakoilbarrel

Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to April 2020. Information from other sources such as the OPEC and country specific sites is used to provide a short term outlook for future output and direction.

US May Production Plunges 2Mb/d

08/01/202008/07/2020 Ovi 119 Comments

A post by Ovi at peakoilbarrel

All of the oil (C + C) production data for the US states comes from the EIAʼs Petroleum Supply monthly PSM. At the end of the production charts, an analysis of three different EIA monthly reports projecting future production is provided. The charts below are updated to May 2020 for the 10 largest US oil producing states.

May’s production drop is just short of 2 Mb/d by 11 kb/d. Awesome. US oil fields began a slow and steady decline from November 2019 to March 2020. March brought the combination of CV-19 and oil price drop that led to the sharp production plunges in April and May. Since the current EIA data is two months delayed, May is the second month that shows the combined effects of the pandemic and low oil prices. Will June drop below 10,000 kb/d?

Non-OPEC W/O U.S. On Production Plateau

06/26/202006/26/2020 Ovi 206 Comments

A post by Ovi at peakoilbarrel.

This post updates Non-OPEC production to February 2020. However we are now in late June 2020 and the effects of the plunge in the price of WTI which began on January 6 and ended in the negative low of $-37.63/bbl on April 20 is showing up in plunging production numbers in US and other oil producing countries that post more recent output numbers. However WTI has now recovered to close to $40/b and weekly US production numbers are indicating that output may have bottomed.