The EIA STEO was published recently the estimate below is based on data from that report and statistics from the EIA International Energy Statistics. The EIA expects the 2018 peak for annual average World C+C output will be surpassed in 2025.
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 January 2023.
U.S. January oil production decreased by 762 kb/d to 12,533 kb/d. The large decrease was due to a severe US winter storm that was spread across most central states. The largest drop came from Texas, 288 kb/d.
Read MoreBy 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 December 2023.
U.S. December oil production decreased by 4 kb/d to 13,315 kb/d. The small decrease was a mix of increases and decreases that netted out to a negligible decrease. The largest decrease came from Texas, 20 kb/d, offset by a New Mexico increase of 23 kb/d.
Read MoreThe EIA’s Short Term Energy Outlook (STEO) was published in early February. The chart below estimates World C+C by using the STEO forecast combined with past data from the EIA on World Output.
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.
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