The OPEC Monthly Oil Market Report (MOMR) for February 2023 was published recently. The last month reported in most of the OPEC charts that follow is January 2023 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In most of the OPEC charts that follow the blue line is monthly output and the red line is the centered twelve month average (CTMA) output.
A Guest Post by Ovi
All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs January Petroleum Supply monthly PSM which provides updated information up to November 2022.
U.S. November production decreased by 35 kb/d to 12,375 kb/d. For November, the state with the largest increase was Oklahoma with 19 kb/d while North Dakota had the largest decrease, 23 kb/d. The GOM also experienced a production drop.
Read MoreA guest post by Ovi
All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs December Petroleum Supply monthly PSM which provides updated information up to October 2022.
U.S. October production increased by 69 kb/d to 12,381 kb/d to a New post pandemic high. It should be noted that September’s oil production increase of 289 kb/d to 12,268 kb/d which was reported last month and was considered high, was revised further up by 44 kb/d to 12,312 kb/d in the current October report. For September, the state with the largest increase was New Mexico 41 kb/d, along with a number of small increases from the smaller producing states.
Read MoreA Guest post by Ovi
All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs November Petroleum Supply monthly PSM which provides updated information up to September 2022.
U.S. September production increased by 289 kb/d to 12,268 kb/d. It should be noted that August’s oil production was revised up by only 4 kb/d in the current September report. The large increase over the August update is real. For September, the states with the largest increase were Texas 90 kb/d, New Mexico 75 kb/d and North Dakota 43 kb/d. The Gulf of Mexico added 64 kb/d.
Read MoreA guest post by Ovi
All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs October Petroleum Supply monthly PSM which provides data up to August 2022.
U.S. August production increased by 102 kb/d to 11,975 kb/d. It should also be noted that July’s oil production was revised up from 11,800 kb/d to 11,873 kb/d in the October report. So the total increase over the July report, including the revision, was 175 kb/d. For August, the state with the largest increase was Texas at 78 kb/d. August’s production was a new post pandemic high.
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