World C+C production increased by 524,000 barrels per day in February to a post-pandemic high.
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Open Thread Non-Petroleum June 10 2023
Comments not related to oil or natural gas production in this thread please. Thanks.
Read more: Open Thread Non-Petroleum June 10 2023US March Oil Production at Post-Pandemic High
A guest post 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 March 2023.
U.S. March oil production increased by 171 kb/d to 12,696 kb/d, a new post pandemic high. Note that February’s output was also revised up by 42 kb/d from 12,483 to 12,525 kb/d. So relative to the initial EIA February report, production is up by 213 kb/d.
The EIA’s forecast production drop that starts in May 2023 could be associated with the drop in completions that started in early May combined with a projected drop in GOM production.
Read MoreOpen Thread Non-Petroleum, June 3, 2023
Comments not related to oil or natural gas production in this thread please. Thanks.
Read MoreEIA Short Term Energy Outlook, Tight Oil Report, and IEA Oil Market Outlook, May 2023
The EIA’s Short Term Energy Outlook (STEO) was published in early May. The report that follows compares World Petroleum Liquids output from the STEO with estimates from OPEC’s Monthly Oil Market Report (MOMR) from May and the IEA’s Oil Market Report (OMR) from February 2023 with an update on World liquids output based on the summary of the May report with my estimate on quarterly output in 2023 based on the annual estimate for 2023 published in May 2023 and the quarterly numbers published in February 2023.
