Category: Production Projections

February Non-OPEC and World Oil Production Rises

Ovi 136 Comments

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 February 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 and China is used to provide a short term outlook. 

World oil production increased by 553 kb/d in February to 82,219 kb/d, green graph. The largest increase came from the U.S., 578 kb/d. March’s World oil production is projected to rise by 402 kb/d to 82,621 kb/d. As a check on the estimate for February 2024 that was made in the previous forecast, it was 82,204 kb/d, low by 15 kb/d.

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Small increase for US March Oil Production

Ovi 95 Comments

By 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 March 2023.

U.S. March oil production rose by 77 kb/d to 13,182 kb/d. The largest increases came from Texas, 36 kb/d and New Mexico, 32 kb/d. However relative to the EIA’s February production report, which was revised down from 13,154 kb/d to 13,105 kb/d, March production is up by 18 kb/d.

US production has been flat since September 2023.

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US February Oil Production Rebounds

Ovi 46 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 Febuary 2023.

U.S. February oil production rebounded by 578 kb/d to 13,154 kb/d. The large increase was due to a rebound from the severe January winter storm that spread across most central states. The largest increases came from Texas, 172 kb/d and North Dakota 173 kb/d.

The dark blue graph, taken from the April 2023 STEO, is the forecast for U.S. oil production from March 2024 to December 2025. Output for December 2025 is expected to reach 13,904 kb/d and is an increase of 82 kb/d from the previous STEO report.

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November World & Non-OPEC Oil Production

Ovi 113 Comments

By Ovi

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 November 2023. 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 and China is used to provide a short term outlook. 

World oil production increased by 745 kb/d in November, green graph. The largest increase came from Canada, adding 360 kb/d. December World production is projected to drop by 169 kb/d to 82,232 kb/d.

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US December Oil Production Flat

Ovi 138 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 December 2023.

U.S. December oil production decreased by 4 kb/d to 13,315 kb/d. The small decrease was a mix of increases and decreases that netted out to a negligible decrease. The largest decrease came from Texas, 20 kb/d, offset by a New Mexico increase of 23 kb/d.

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