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 November 2024.
U.S. November oil production decreased by 122 kb/d to 13,314 kb/d, only 6 kb/d higher than December 2024. The largest decreases came from Texas, 70 kb/d, New Mexico 38 kb/d and the GOM 108 kb/d.
Read MoreThe OPEC Monthly Oil Market Report (MOMR) for January 2025 was published recently. The last month reported in most of the OPEC charts that follow is December 2024 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the OPEC charts below the blue line with markers is monthly output and the thin red line is the centered twelve month average (CTMA) output.
The EIA STEO was published recently, the estimate for World C+C output from September 2024 to December 2025 in the chart below is based on crude oil estimates in the STEO for World minus US C+C output and the trend in the ratio of the STEO crude estimates and C+C estimates from the EIA’s International Energy Statistics for World minus US C+C output for the most recent 48 months (September 2020 to August 2024).
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.
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.
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