Category: US Oil Production

May Non-OPEC Oil Production Declines Again

Ovi 260 Comments

A guest post by Ovi

Below are a number of Crude oil plus Condensate (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to May 2022. This is the latest and most detailed world oil production information available. Information from other sources such as OPEC, the STEO and country specific sites such as Russia, Brazil, Norway and China is used to provide a short term outlook for future output and direction for a few countries and the world. The US report has an expanded view beyond production by adding rig and frac charts.

May Non-OPEC production decreased by 148 kb/d to 48,834 kb/d. The biggest decliners were Canada 193 kb/d, Brazil 120 kb/d, US 56 kb/d and Norway 38 kb/d. The biggest offsetting increases came from from Kazakhstan 148 kb/d and Russia 145 kb/d.

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GOM Oil Production fuels US June Increase

Ovi 115 Comments

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. 

U.S. June production increased by 201 kb/d to 11,816 kb/d. Of the 201 kb/d increase, the largest increase came from the GOM, 183 kb/d. June’s production was a new recent high at 26 kb/d higher than November 2021 which was producing at a rate of 11,790 kb/d.

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March Non-OPEC Oil Production at Post Pandemic high

Ovi 240 Comments

A guest post by Ovi

Below are a number of crude oil plus condensate (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to March 2022. This is the latest and most detailed world oil production information available. Information from other sources such as OPEC, the STEO and country specific sites such as Russia, Brazil, Norway and China is used to provide a short term outlook for future output and direction for a few countries and the world.

March Non-OPEC production increased by 264 kb/d to 50,243 kb/d. Of the 264 kb/d increase, the biggest increases came from the U.S., 349 kb/d and China, 78 kb/d. Offsetting the increases were decreases from Kazakhstan, Russia and Norway. The March 2022 output of 50,243 kb/d is 1,975 kb/d lower than the March pre-covid rate of 52,218 kb/d.

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EIA’s June 2022 Oil Production Outlooks

Ovi 194 Comments

A guest post by Ovi

Each month the EIA produces four reports which project oil output for the US and the World. The Short Term Energy Outlook (STEO) forecasts oil output for a period of 12 to 24 months into the future for US and World oil production. A second report, the Drilling Productivity Report (DPR) forecasts the combined production for conventional and tight oil in the main tight oil basins, four months ahead of the EIA monthly report. Their third report, Light Tight Oil (LTO), reports on only the tight oil produced in seven tight oil basins and a few smaller ones. A fourth and final outlook is the Monthly Energy Review (MER) that forecasts US output two months past the official US production numbers, for this report that will be October and November. Due to technical issues at the EIA, the LTO report and the MER were not available at press time.

Production numbers/charts for May for four countries obtained from their official sites are provided below.

Normally the Outlooks report appears at the end of the monthly US report. For this month it has been posted separately and early.

1) Short Term Energy Outlook

The June STEO provides projections for the next 21 months, starting with April 2022 to December 2023, for US C + C and other countries. 

The June 2022 STEO has revised downward its projected US oil output from May 2022 to Q3-23. However Q4-23 has been revised up from the previous May 2022 STEO. In December 2023 output is expected to reach 13,444 kb/d, 160 kb/d higher than reported in the May report

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