EIA – Page 7 – Peak Oil Barrel

June Non-OPEC and World Oil Production

10/12/202310/12/2023 Ovi 162 Comments

By Ovi

This month’s report is a shorter version of previous posts because the EIA’s International Energy Statistics update for June is not available. Information from other sources such as OPEC, the STEO and country specific sites such as 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.

Where STEO data was used, the ratio of C + C to All Liquids was calculated. The average for the last four months was used to project June, July and August production for a few countries.

World oil production and projection charts are presented at the end of this post.

The October STEO is projecting June Non-OPEC oil production to increase by 1,069 kb/d to 51,079 kb/d. Close to 500 kb/d of that increase is associated with the upward revision of Russian output from last month. In the previous EIA May report, Russian condensate was not included in Russian production.

STEO and Tight Oil Update, September 2023

09/27/202309/27/2023 D C 160 Comments

The EIA’s Short Term Energy Outlook (STEO) was published in early September. The chart below estimates World C+C by using the STEO forecast combined with past data from the EIA on World Output.

March 2023 Non-OPEC Oil Production Drops

07/12/202307/15/2023 Ovi 301 Comments

A post by Ovi

Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for Non-OPEC countries. Normally the charts are created from data provided by the EIA’s International Energy Statistics in the first week of the month. Unfortunately the EIA was not able to update the production information for March until today. Consequently the charts below are produced from a mixture of country specific sites such as Brazil, Norway and China and the July STEO and the International report. The International report was used to update the March production data.

Where STEO data was used, the ratio of C + C to All Liquids was calculated. The average from the last six months was used to project the March production numbers and extended to May in a few cases.

World oil production charts are found at the end of this post.

March Non-OPEC oil production dropped by 268 kb/d to 51,434 kb/d. The largest decreases came from the Russia, 300 kb/d and Brazil 146 kb/d.

US January Oil Production at Post Pandemic High

04/03/202304/04/2023 Ovi 265 Comments

A Guest post by Ovi

All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs March Petroleum Supply monthly PSM which provides updated information up to January 2023.

U.S. oil production increased by 437 kb/d to 12,462 kb/d, a post pandemic high. For January, the GOM contributed 125 kb/d to this high. The states with the largest increase were North Dakota with 97 kb/d followed by Texas with 76 kb/d.

EIA Short Term Energy Outlook and Annual Energy Outlook 2023

03/27/202303/27/2023 D C 271 Comments

The EIA updated the Short Term Energy Outlook (STEO) in March and also released the 2023 version of the Annual Energy Outlook in March. This post will take a brief look at both of these reports with a focus on Crude plus Condensate (C+C) Output for the World, OPEC and Non-OPEC in the case of the STEO through the fourth quarter of 2024 and US C+C output for three oil price cases from 2022 to 2050, reference (medium oil price), high and low oil price cases.