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Read MoreEIA’s December Oil Production Outlooks
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 monthsg 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.
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 December STEO provides projections for the next 15 months, starting with October 2021 to December 2022, for US C + C and other countries.
Open Thread Non-Petroleum
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Read MoreOPEC Update, December 2021
The OPEC Monthly Oil Market Report (MOMR) for December 2021 was published this past week. The last month reported in each of the charts that follow is November 2021 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the charts that follow the blue line is monthly output and the red line is the centered twelve month average (CTMA) output.
Open Thread Non-Petroleum, December 17, 2021
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