OPEC – Page 25 – Peak Oil Barrel

All Roads Lead To Peak Oil

12/21/201512/21/2015 Ron Patterson 545 Comments

I follow the JODI World Oil Database primarily because it is now four months ahead of the EIA international data base. I make some adjustments however. I use the OPEC MOMR “secondary sources” for all OPEC data where JODI also uses the MOMR but uses their “direct communication” data instead. The OPEC portion of the JODI data is “crude only” and will therefore be somewhat less than the EIA reports.

I use the Canadian National Energy Base data for Canada instead of the strange numbers JODI has for Canada. And I use the EIA data for the few small producers that JODI does not report.

With these Changes I think I have composed an excellent World Oil Database from this composite data. And with the October data just released I have composed the below charts. The data is through October and is in thousand barrels per day.

World oil production peaked, so far, in July at 76,702,000 barrels per day and in October stood at 76,128,000 bpd or 574,000 bpd below the peak.

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Bakken and OPEC Production Data

12/10/201512/10/2015 Ron Patterson 959 Comments

The Bakken and North Dakota production data for October is out. The Numbers a little surprising.

Bakken production was up 7,520 barrels per day to 1,113,930 bpd while all North Dakota was up 6,787 bpd to 1,168,950 bpd.

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Oil Forecast From a Reputable Firm

12/04/201512/08/2015 Ron Patterson 416 Comments

Had to take the post down folks, the reputable firm threatened to sue me. Sorry.

Ron

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OPEC Crude Production Down in October

11/12/201511/12/2015 Ron Patterson 213 Comments

OPEC has published their OPEC Monthly Oil Market Report with crude only production numbers for October 2015. The charts are “Crude Only” production and are in thousand barrels per day.

OPEC 12 was down 256,000 bpd in October.

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OPEC Crude Little Change

10/12/201510/12/2015 Ron Patterson 75 Comments

The OPEC Monthly Oil Market Report is just out with the crude only production numbers for the 12 OPEC countries. The data below is in thousand barrels per day and the last data point is September 2015.

OPEC 12 crude only production was up 109,000 barrels per day in September but that was after the August production numbers were revised down by 82,000 bpd. OPEC crude only production now stands at 31,571,000 pbd. That is just 12,000 bpd above June production but still 100,000 bpd below their peak in July of 2008.

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