The OPEC Monthly Oil Market Report (MOMR) for May 2024 was published recently. The last month reported in most of the OPEC charts that follow is April 2024 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the OPEC charts that follow the blue line with markers is monthly output and the thin red line is the centered twelve month average (CTMA) output.
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Read MoreBy Ovi
The focus of this post is overall 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 January 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 1,402 kb/d in January, green graph. The largest decrease came from the U.S., 762 kb/d. February’s World oil production is projected to rebound by 696 kb/d to 82,204 kb/d.
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Read MoreComments not related to oil or natural gas production in this thread please, thanks.
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