Category: Production Projections

All September Non-OPEC Oil Production Increase from US

Ovi 181 Comments

A Guest Post by 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 September 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 countries and the world. The US report has an expanded view beyond production by adding rig and frac charts.

September Non-OPEC oil production increased by 229 kb/d to 49,962 kb/d. All of the increase came from the US, 289 kb/d. The largest offsetting decrease came from Norway 144 kb/d. Note that August output was revised down from 49,879 to 49,733 kb/d. This means that the September increase relative to the original August estimate is 83 kb/d.

October is expected to add 527 kb/d. This appears to be optimistic based on a few country charts below which project October production. Brazil +97 kb/d, Canada -600 kb/d, Kazakhstan +235 kb/d, Norway +100 kb/d and Russia +124 kb/d for a net of -44 kb/d. Maybe the EIA is not aware of the Canadian drop in October. The positive increments add 556 kb/d.

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August Non-OPEC Oil Production Increases

Ovi 175 Comments

A guest post by 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 August 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 countries and the world. The US report has an expanded view beyond production by adding rig and frac charts.

August Non-OPEC oil production increased by 138 kb/d to 49,879 kb/d. The largest increases came from Norway 147 kb/d and Brazil 124 kb/d. The largest offsetting decrease came from Kazakhstan 179 kb/d. 

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Permian Pushes US September Oil Production to Post-Pandemic High

Ovi 114 Comments

A Guest post by Ovi

All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs November Petroleum Supply monthly PSM which provides updated information up to September 2022.

U.S. September production increased by 289 kb/d to 12,268 kb/d.  It should be noted that August’s oil production was revised up by only 4 kb/d in the current September report. The large increase over the August update is real. For September, the states with the largest increase were Texas 90 kb/d, New Mexico 75 kb/d and North Dakota 43 kb/d. The Gulf of Mexico added 64 kb/d.

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OPEC Update, November 17, 2022

D Coyne 239 Comments

The OPEC Monthly Oil Market Report (MOMR) for November 2022 was published recently. The last month reported in most of the OPEC charts that follow is October 2022 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In most of the OPEC charts that follow the blue line is monthly output and the red line is the centered twelve month average (CTMA) output.  I also show a number of charts from the recent World Energy Outlook 2022, published by the IEA in October. I focus on a selection of charts from Chapter 7 of that report which covers oil.

Figure 1
Figure 2
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July Non-OPEC Oil Production Hits Post Pandemic High

Ovi 120 Comments

A guest post by 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 July 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 countries and the world. The US report has an expanded view beyond production by adding rig and frac charts.

July Non-OPEC oil production increased by 697 kb/d to 49,616 kb/d. The largest increases came from Norway 311 kb/d, Kazakhstan 200 kb/d and Canada 178 kb/d. The largest offsetting decrease came from China 153 kb/d. 

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