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 October 2023.
U.S. October oil production decreased by 4 kb/d to 13,248 kb/d. The decrease was primarily due to decreases in the GOM and North Dakota being partially offset by increases in Texas and New Mexico. Note that September production was revised up from 13,236 kb/d to 13,252 kb/d.
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The EIA International Energy Statistics had a reporting hiatus from its May 2023 report to July 2023. They have restarted their reports with the August update. This report updates the POB reports and charts posted for May, June and July.
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 August 2023. 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.
World oil production and projection charts are presented at the end of this post.
August Non-OPEC oil production dropped by 71 kb/d to 51,401 kb/d. The largest decreases came from Kazakhstan, Brazil and Russia.
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This month’s report is a shorter version of previous posts because the EIA’s International Energy Statistics update for June is not 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 for future output and direction for a few of these countries and the world.
Where STEO data was used, the ratio of C + C to All Liquids was calculated. The average for the last four months was used to project June, July and August production for a few countries.
World oil production and projection charts are presented at the end of this post.
The October STEO is projecting June Non-OPEC oil production to increase by 1,069 kb/d to 51,079 kb/d. Close to 500 kb/d of that increase is associated with the upward revision of Russian output from last month. In the previous EIA May report, Russian condensate was not included in Russian production.
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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.
Read MoreBy Ovi
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 May 2023. 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.
Where STEO data was used, the ratio of C + C to All Liquids was calculated. The average for the last eight months was used to project the June and July production numbers in a few cases.
World oil production and projection charts are presented at the end of this post.
May Non-OPEC oil production dropped by 412 kb/d to 50,010 kb/d. The largest decreases came from Canada 118 kb/d and Russia 193 kb/d.
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