The data for the charts below were taken from the EIA’s Monthly Energy Review. It is crude plus condensate through March 2019 and is in thousand barrels per day.
World C+C was down 281,000 barrels per day in March.
Non-OPEC was up 218,000 barrels per day in March.
The data for the charts below are from the EIA’s Monthly Energy Review. I will update this post Friday, May 31st with March data for the USA and charts for several states when the EIA’s Petroleum Supply Monthly is published. All data is through February 2019 and is thousand barrels per day.
World C+C production was down only slightly in February, dropping only 87,000 barrels per day to 82,389,000 bpd.
It is my contention that World, less USA peaked in November 2016 with the 12 month average peaking in 2017.
These first charts are taken from the EIA’s Monthly Crude Oil and Natural Gas Production. The data are through June 2018 and is in thousand barrels per day.
US C+C production was up 231,000 barrels per day in June to 10,674,000 bpd, an all-time high.
Texas was up 165,000 barrels per day in June to 4,410,000 bpd.
Department of Economics, University of Utah
E-mail: minqi.li@economics.utah.edu
July 2018
This is Part 2 of the World Energy Annual Report in 2018. This part of the Annual Report provides updated analysis of world oil production and consumption, evaluates the future prospect of world oil supply and considers the implications of peak oil production for global economic growth.
(See Figure 18 near end of paper) Read More
All data below is from various sources. All US data is from the EIA. Unless otherwise noted is in thousand barrels per day.
USA data is through April. C+C production was almost flat in April, down 2,000 bpd.