Non-petroleum comments in this thread.
IEA Oil Market Report- December 2016
The IEA released highlights for the December Oil Market report in mid December. I have used information from the November report and assumed OPEC crude output will be 32.7 Mb/d and non OPEC output will be 500 kb/d below the November report supply estimate. I have also used the demand estimates from the December highlights. Read More
Open Thread Non Petroleum- January 1, 2017
Non-petroleum comments in this thread please.
Texas Update -December 2016
The labels in the chart above are for the “corrected (3 month)” estimate. This estimate (now preferred by Dean Fantazzini) is 35 kb/d lower than the EIA estimate for Sept 2016 (which is the most recent EIA estimate). Texas C+C output has fallen by about 500 kb/d from the April 2015 peak. Read More
Open Thread Non Petroleum- Dec 22, 2016
Non petroleum comments in this thread please.