Category: US Oil Production

U.S. December Oil Production at All time High

Ovi 22 Comments

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 December 2024.

U.S. December oil production increased by 95 kb/d to 13,491 kb/d, a new all time high. It is 183 kb/d higher than December 2024. The largest increase came from the GOM, 203 kb/d. November production was revised up from last month’s 13,314 kb/d to 13,396 kb/d an increase of 82 kb/d. Production in January is expected to drop by 177 kb/d, possibly due to the drop in completions during December and January along with a drop from the GOM.

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October Non-OPEC and World Oil Production Rose

Ovi 74 Comments

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 October 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, Mexico and China is used to provide a short term outlook. 

World oil production increased by 930 kb/d in October to 81,739 kb/d, green graph. The largest increases came from Libya, 500 kb/d, and Canada, 325 kb/d. These two countries last month were the two largest decliners. November’s World oil production is projected to increase by 117 kb/d to 81,856 kb/d.

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September Non-OPEC and World Oil Production Drops

Ovi 186 Comments

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 September 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, Mexico and China is used to provide a short term outlook. 

World oil production decreased by 1,014 kb/d in September to 80,795 kb/d, green graph. The largest decreases came from Libya, 350 kb/d, and Canada, 244 kb/d. October’s World oil production is projected to increase by 1,170 kb/d to 81,965 kb/d. Of that increase, Libya is expected to contribute close to 550 kb/d as its internal politics/oil dispute is settled.

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Short Term Energy Outlook, December 2024

D C 100 Comments

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).

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