STEO – Page 2 – Peak Oil Barrel

May Non-OPEC & World Oil Production Drops

09/12/202409/12/2024 Ovi 57 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 May 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 decreased by 687 kb/d in May to 81,036 kb/d, green graph. The largest decreases came from Canada 259 kb/d, Saudi Arabai 200 kb/d and Norway 138 kb/d. June’s World oil production is projected to drop by 249 kb/d to 80,787 kb/d.

Short Term Energy Outlook, August 2024

08/21/202408/21/2024 D Coyne 55 Comments

The EIA STEO was published recently, the estimate below is based on data from that report and statistics from the EIA International Energy Statistics. The EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025. The monthly peak in November 2018 is also expected to be surpassed in November 2025.

April Non-OPEC and World Oil Production Drops

08/11/202408/11/2024 Ovi 76 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 April 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 decreased by 765 kb/d in April to 81,764 kb/d, green graph. The largest decreases came from Brazil 162 kb/d and Russia 130 kb/d. May’s World oil production is projected to drop by 461 kb/d to 81,301 kb/d largely due to a drop in Non-OPEC production.

US May Oil Production Lower Than September

08/04/202408/04/2024 Ovi 83 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 May 2024.

U.S. May oil production dropped by 61 kb/d to 13,178 kb/d. The largest increase came from Texas, 35 kb/d while North Dakota dropped by 43 kb/d.

Short Term Energy Outlook, July 2024

07/27/202407/27/2024 D Coyne 111 Comments

The EIA STEO was published recently the estimate below is based on data from that report and statistics from the EIA International Energy Statistics. The EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025.