OPEC – Page 27 – Peak Oil Barrel

OPEC according to the EIA

05/25/201505/25/2015 Ron Patterson 614 Comments

OPEC publishes monthly production data for all OPEC nations in their Monthly Oil Market Report. The data crude oil production only and does not include condensate. I have found the data to be highly accurate and any errors are corrected in the next month’s report or the month following that. The OPEC data is from OPEC’s “Secondary Sources”.

The EIA also publishes OPEC production data in their International Energy Statistics. However the EIA does not publish crude only data. Their data includes condensate.

All data is in thousand barrels per day. The last EIA data point is December 2014 and the last OPEC data point is April 2015.

Almost 20% of Algeria’s production is condensate if the EIA is correct. Algeria does produce a lot of condensate but I have serious doubts about the accuracy of the EIA data. As you can see from the chart the EIA has Algeria’s production absolutely flat for 24 months, from January 2010 through December 2011. But both the EIA and OPEC agree on one point, Algeria is in decline.

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OPEC April Data + The EIA’s DPR

05/12/201505/12/2015 Ron Patterson 147 Comments

The OPEC Monthly Oil Market Report is just out with crude only production numbers for all OPEC countries for April 2015.

According to their secondary sources OPEC 12 production was up 18,000 bpd but that was after March production had been revised up 39,000 bpd.

Saudi was up 27,000 bpd. They are still 15,000 bpd below their peak in August 2013.

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OPEC, Tight Oil and Russia

04/22/201504/22/2015 Ron Patterson 444 Comments

The OPEC Monthly Oil Market Report is out with OPEC crude only production numbers for March 2015.

OPEC production was up 812,000 barrels per day. The increase came primarily from three countries:

Saudi Arabia was up 347,000 barrels per day to 10,010,000 bpd.

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The EIA’s International Energy Outlook 2014

04/10/201504/10/2015 Ron Patterson 493 Comments

Last year I posted a lot of data published in the EIA’s Annual Energy Outlook 2014 published in May of last year, and the next one is due out Tuesday April 14. We are looking forward to that. But the EIA’s International Energy Outlook 2014, published last September, completely slipped by me. How did I miss that? But I looked at their predictions for world Crude plus Condensate production I found it very interesting.

In the below, though the data was posted in September, I have assumed the 2014 data was complete. Though it may be a little off it is close enough for, as the saying goes, “government work”‘. The data is in million barrels per day with the last data point 2040.

The EIA is expecting World C+C to reach just over 99 million barrels per day in 2040. That will be up 21.25 million bpd from 2014.

This chart shows just which countries, they believe, will be responsible for that 21.25 million bpd increase. That is except for OPEC. They do not break out OPEC production by country.

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OPEC Crude plus More on EIA Estimates

03/16/201503/20/2015 Ron Patterson 683 Comments

The katest OPEC Monthly Oil Market Report is out with OPEC crude only production numbers for February. All data in the OPEC charts below is in thousand barrels per day and the last data point is February 2015.

Total OPEC crude only production was down 137,600 barrels per day in February.

Algeria seems to have stabilized their decline.

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