OPEC Update, May 2021

D Coyne 125 Comments

The OPEC Monthly Oil Market Report for May 2021 was published this past week. The last month reported in each of the charts that follow is April 2021 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In most of the charts that follow there is a red (and in one case yellow) line without markers which is the centered twelve month average (CTMA) for output.  Note that this a change from the way Ron Patterson has reported the average data for many years which used a trailing twelve month average.  Essentially the curve shifts back in time by 5 months as I choose July as the center month for the January to December 12 month average.

Figure 1
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January Non-OPEC Oil Production Climbs Again

Ovi 101 Comments

A guest post by Ovi at peakoilbarrel

Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics and updated to January 2021. Information from other sources such as OPEC, the STEO and country specific sites such as Russia, Norway and China is used to provide a short term outlook for future output and direction for a few countries and the world.

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