The following June OPEC data is based on the latest July OPEM Monthly Oil Market Report and is in thousand barrels per day.
OPEC 14 crude only production was down 68,000 barrels per day in June.
The following June OPEC data is based on the latest July OPEM Monthly Oil Market Report and is in thousand barrels per day.
OPEC 14 crude only production was down 68,000 barrels per day in June.
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.
The below charts, unless otherwise noted, were taken from the OPEC Monthly Oil Market Report. The data is through May, 2019 and is in thousand barrels per day.
OPEC crude only production was down 236,000 barrels per day in May but that was after April production had been revised upward by 82,000 bpd.
Iranian April production was revised upward by 43,000 bpd and Saudi Arabia April production was revised upward by 24,000 bpd.
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.
The data below was taken from the OPEC Monthly Oil Market Report. All data is through April 2019 and is in thousand barrels per day. The data is crude only, that is it does not include condensate.
Total OPEC production hardly moved in April, down a mere 3,000 barrels per day.