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 which provides updated information up to November 2023.
U.S. November oil production increased by 84 kb/d to 13,308 kb/d, a new record high. The increase was primarily due to increases in Texas and New Mexico offset by a decrease in the GOM. Note that October production was revised down from 13,248 kb/d to 13,224 kb/d.
Read MoreBy Ovi
Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for oil producing countries. The charts are created from data provided by the EIA’s International Energy Statistics and are updated to September 2023. This is the latest and most detailed/complete 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 of these countries and the World.
World oil production increased by 927 kb/d in September, green graph. The largest increase came from Saudi Arabia 500 kb/d while the US added 224 kb/d and Brazil 210 kb/d.
Read MoreSTEO
The EIA’s Short Term Energy Outlook (STEO) was published in early January. The chart below estimates World C+C by using the STEO forecast combined with past data from the EIA on World Output.
STEO
The EIA’s Short Term Energy Outlook (STEO) was published in early December. The chart below estimates World C+C by using the STEO forecast combined with past data from the EIA on World Output.
The EIA’s Short Term Energy Outlook (STEO) was published in early November. The chart below estimates World C+C by using the STEO forecast combined with past data from the EIA on World Output.
The EIA’s Short Term Energy Outlook (STEO) was revised lower in November compared to September (we skipped the October STEO). World C+C output is expected to decrease in the 2nd and 3rd quarters of 2023 and then increase over the next 5 quarters. Annual average World C+C output increases by about 1028 kb/d Mb/d in 2023 to 81804 kb/d and then to 82555 kb/d in 2024, about 445 kb/d below the centered 12 month average peak in 2018. This month’s World C+C estimates are about 400 kb/d lower than September’s estimate for 2023 and 1150 kb/d lower for 2024 due to the revisions in the STEO forecast since Sept 2023.
Read More