oil production projections – Peak Oil Barrel

September Non-OPEC and World Oil Production Drops

01/11/202501/11/2025 Ovi 185 Comments

By Ovi

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil producing countries. OPEC production is covered in a separate post.

Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for oil producing countries. The charts are created from data provided by the EIA’s International Energy Statistics and are updated to September 2024. This is the latest and most detailed/complete World oil production information available. Information from other sources such as OPEC, the STEO and country specific sites such as Brazil, Norway, Mexico and China is used to provide a short term outlook.

World oil production decreased by 1,014 kb/d in September to 80,795 kb/d, green graph. The largest decreases came from Libya, 350 kb/d, and Canada, 244 kb/d. October’s World oil production is projected to increase by 1,170 kb/d to 81,965 kb/d. Of that increase, Libya is expected to contribute close to 550 kb/d as its internal politics/oil dispute is settled.

June Non-OPEC and World Oil Production

10/12/202310/12/2023 Ovi 162 Comments

By Ovi

This month’s report is a shorter version of previous posts because the EIA’s International Energy Statistics update for June is not available. Information from other sources such as OPEC, the STEO and country specific sites such as Brazil, Norway and China is used to provide a short term outlook for future output and direction for a few of these countries and the world.

Where STEO data was used, the ratio of C + C to All Liquids was calculated. The average for the last four months was used to project June, July and August production for a few countries.

World oil production and projection charts are presented at the end of this post.

The October STEO is projecting June Non-OPEC oil production to increase by 1,069 kb/d to 51,079 kb/d. Close to 500 kb/d of that increase is associated with the upward revision of Russian output from last month. In the previous EIA May report, Russian condensate was not included in Russian production.

March 2023 Non-OPEC Oil Production Drops

07/12/202307/15/2023 Ovi 301 Comments

A post by Ovi

Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for Non-OPEC countries. Normally the charts are created from data provided by the EIA’s International Energy Statistics in the first week of the month. Unfortunately the EIA was not able to update the production information for March until today. Consequently the charts below are produced from a mixture of country specific sites such as Brazil, Norway and China and the July STEO and the International report. The International report was used to update the March production data.

Where STEO data was used, the ratio of C + C to All Liquids was calculated. The average from the last six months was used to project the March production numbers and extended to May in a few cases.

World oil production charts are found at the end of this post.

March Non-OPEC oil production dropped by 268 kb/d to 51,434 kb/d. The largest decreases came from the Russia, 300 kb/d and Brazil 146 kb/d.

Non-OPEC’s December Oil Production Drops

04/11/202304/11/2023 Ovi 164 Comments

A guest post by Ovi

Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for Non-OPEC countries. The charts are created from data provided by the EIA’s International Energy Statistics and are updated to December 2022. This is the latest and most detailed world oil production information available. Information from other sources such as OPEC, the STEO and country specific sites such as Russia, Brazil, Norway and China is used to provide a short term outlook for future output and direction for a few of these countries and the world. The US report has an expanded view beyond production by adding rig and frac spread charts.

December Non-OPEC oil production decreased by 317 kb/d to 50,784 kb/d. The largest decrease came from the US, 276 kb/d.

OPEC Update, November 17, 2022

11/18/202211/18/2022 D Coyne 239 Comments

The OPEC Monthly Oil Market Report (MOMR) for November 2022 was published recently. The last month reported in most of the OPEC charts that follow is October 2022 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. I also show a number of charts from the recent World Energy Outlook 2022, published by the IEA in October. I focus on a selection of charts from Chapter 7 of that report which covers oil.