Mexico – Peak Oil Barrel

Are Non-OPEC’s Best Days in the Rear-view Mirror

05/23/202005/23/2020 Ovi 108 Comments

A post by Ovi at peakoilbarrel.

While this post updates Non-OPEC production to January 2020, we are now in late May and the direction for future production for the next few years is clear, LOWER than where it was in March 2020. OPEC, in response to the reduced worldwide demand, arranged for a production reduction through a Declaration of Cooperation (DoC) with OPEC and Non-OPEC countries. Also Canada and Norway have indicated they will be cutting production in response to world wide reduced demand. The OPEC + DoC reduction schedule and chart are shown and discussed at the end of this post.

World Oil Production as of March 2019

07/05/201907/05/2019 Ron Patterson 265 Comments

The data for the charts below were taken from the EIA’s Monthly Energy Review. It is crude plus condensate through March 2019 and is in thousand barrels per day.

World C+C was down 281,000 barrels per day in March.

Non-OPEC was up 218,000 barrels per day in March.

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World Oil Production, February 2019 Data.

05/29/201905/31/2019 Ron Patterson 400 Comments

The data for the charts below are from the EIA’s Monthly Energy Review. I will update this post Friday, May 31st with March data for the USA and charts for several states when the EIA’s Petroleum Supply Monthly is published. All data is through February 2019 and is thousand barrels per day.

World C+C production was down only slightly in February, dropping only 87,000 barrels per day to 82,389,000 bpd.

It is my contention that World, less USA peaked in November 2016 with the 12 month average peaking in 2017.

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EIA’s Data for World and Non-OPEC Oil Production

02/25/201902/25/2019 Ron Patterson 270 Comments

The EIA has just published their data on World and Non-OPEC Oil Production. All data is through November 2018 and is in thousand barrels per day. All data is Crude + Condensate.

World C+C was up 96,000 bpd in November to 84,225,000 bpd.

Non-OPEC was up 280,000 bpd in November to 48,638,000 bpd.

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EIA’s Latest USA & World Oil Production Data

09/05/201809/05/2018 Ron Patterson 323 Comments

These first charts are taken from the EIA’s Monthly Crude Oil and Natural Gas Production. The data are through June 2018 and is in thousand barrels per day.

US C+C production was up 231,000 barrels per day in June to 10,674,000 bpd, an all-time high.

Texas was up 165,000 barrels per day in June to 4,410,000 bpd.