OPEC May Production Data

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.

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World Oil Production, February 2019 Data.

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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