The EIA’s Short Term Energy Outlook is out. The data is in million barrels per day.
Not much has changed in the EIA’s projection since last month, however their projection for the remainder of this year and next year has increased slightly.
Category: Uncategorized
EIA World Crude Oil Production
The EIA has apparently stopped publishing its International Energy Statistics. Instead they are now publishing an abbreviated version on their Total Energy web page titled: Tabel 11.1b World Crude Oil Production. Here they publish crude + condensate production numbers for Persian Gulf Nations, Selected Non-OPEC Countries, Total Non-OPEC and World. The “Selected Non-OPEC Producers are Canada, China, Egypt, Mexico, Norway, Russia, United Kingdom and the United States. They have just released their latest data through February 2016.
All the data below is in thousand barrels per day and through February 2016 unless otherwise noted.
They have world C+C peaking, so far, in November 2015 at 80,630,000 bpd. February production was 79,653,000 bpd, or 977,000 bpd below the peak. World C+C production, they say, averaged 80,035,000 in 2015. Average for the first two months of 2016 was 79,933.000 or 102,000 bpd below the average for 2015.
So with world production continuing to decline, there is little doubt that 2016 production will be well below 2015 production.
Open Thread- Non-fossil fuel May 16, 2016
Hi all,
This thread is intended for non fossil fuel topics. Whatever people would like to discuss.
I will have a new oil post up in a few hours (hopefully). So if you can wait, oil, natural gas and coal related topics would be better in that thread.
North Dakota Oil Production Declining But Slowly
The North Dakota Oil Production Stats are out. North Dakota crude oil production was down just less than 10,000 barrels per day.
Bakken crude oil production was down 7,743 bpd in March while all North Dakota production was down 9,846 barrels per day.
World Rig Count Still Falling
Baker Hughes recently published their International Rig Count. This rig count is at the end of April. It does not include the US, Canada, any of the FSU countries or inland China. The count includes both oil and gas rigs.
Total International Rigs stood at 946 in April, down 39 for the month and down 436 rigs since the latest peak in July 2014.
The Latin America rig count stood at 203 in April, down 15 rigs since April and down 204 since July 2014.
Europe rig count stood at 90 in April, down 6 in the last month and down 63 since July 2014.
African rigs seem to have leveled out. They stood at 90 in April, down only 1 from March. Africa’s latest peak was in November 2014 and they are down 52 from that point.
The Middle East rig count had been holding steady but dropped 13 rigs in April. That is down 48 rigs since their latest peak in July 2014.
Baker Hughes’ total world rig count is just their total international rig count plus the US and Canada. It still does not include any FSU countries or inland China. The total world rig count did not start dropping until after November 2014 when it stood at 3,670 rigs. It is down 2,246 rigs since then and now stands at 1424 rigs after dropping 127 rigs in April.
The US monthly rig count dropped 41 rigs from March to April and now stands at 437. The Count stood at 1,925 in November 2014 and is down 1,488 rigs since that point.
The Canadian rig count is highly seasonal and usually peaks in February. The last normal February peak was in 2014 when it peaked at 626 rigs. The 2016 February peak was 211 rigs. The March to April decline was 47 rigs and their total rig count now stands at just 41 rigs.