STEO – Page 4 – Peak Oil Barrel

December World Oil Production at Post-Pandemic High

04/09/202404/09/2024 Ovi 157 Comments

By Ovi

The focus of this post is World oil production along with a more detailed look at the top 11 Non-OPEC oil producing countries.

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 December 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 400 kb/d in December, green graph, to a post pandemic high. The largest increase came from Guyana, 175 kb/d. January World oil production is projected to drop by 1,744 kb/d to 81,178 kb/d. The large production drop is due to the STEO’s January estimated drop of 2,160 kb/d for all liquids. Of the 2,160, US accounts for 1,500 kb/d while Canada drops 130 kb/d and Brazil drops 280 kb/d.

US December Oil Production Flat

03/08/202403/08/2024 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.

Short Term Energy Outlook and Tight Oil Update, February 2024

02/28/202402/28/2024 D Coyne 209 Comments

The EIA’s Short Term Energy Outlook (STEO) was published in early February. The chart below estimates World C+C by using the STEO forecast combined with past data from the EIA on World Output.

September World Oil Production Rebounds

01/19/202401/19/2024 Ovi 170 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 September 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 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

World oil production increased by 927 kb/d in September, green graph. The largest increase came from Saudi Arabia 500 kb/d while the US added 224 kb/d and Brazil 210 kb/d.

Short Term Energy Outlook and Tight Oil Update, Jan 2024

01/12/202401/12/2024 D Coyne 207 Comments

STEO

The EIA’s Short Term Energy Outlook (STEO) was published in early January. The chart below estimates World C+C by using the STEO forecast combined with past data from the EIA on World Output.