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.
The OPEC Monthly Oil Market Report (MOMR) for June 2024 was published recently. The last month reported in most of the OPEC charts that follow is May 2024 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the OPEC charts that follow the blue line with markers is monthly output and the thin red line is the centered twelve month average (CTMA) 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 Febuary 2023.
U.S. February oil production rebounded by 578 kb/d to 13,154 kb/d. The large increase was due to a rebound from the severe January winter storm that spread across most central states. The largest increases came from Texas, 172 kb/d and North Dakota 173 kb/d.
The dark blue graph, taken from the April 2023 STEO, is the forecast for U.S. oil production from March 2024 to December 2025. Output for December 2025 is expected to reach 13,904 kb/d and is an increase of 82 kb/d from the previous STEO report.
Read MoreThe 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.
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