OPEC – Page 29 – Peak Oil Barrel

OPEC MOMR October Production Data

11/12/201411/12/2014 Ron Patterson 288 Comments

OPEC just published their November Monthly Oil Market Report which contains crude only production data for all OPEC nations. The only big surprise was that everyone had declining production except Libya and Algeria, that is according to “secondary sources”.

I find it interesting that Venezuela has, for the last several months, refused to give OPEC their production data.

All charts below are in the charts below are in thousand barrels per day with the last data point October 2014 and is based on OPEC’s “secondary sources”. I have decided to post all OPEC charts in this post.

OPEC production declined 226,000 bpd. September production was revised only slightly, up 5,000 bpd.

Algeria has stopped their decline, temporally at least.

Read More

The EIA’s International Energy Statistics 2

11/10/201411/10/2014 Ron Patterson 168 Comments

The EIA, a few days ago posted their International Energy Statistics. They publish lots of statistics here but on monthly basis I only follow their production of world Crude Oil including Lease Condensate.

The data on all charts below is Crude + Condensate production through July 2014 and is in thousand barrels per day.

World C+C production was up 168,000 bpd to 77,023,000 bpd. The high, so far, was in February at 77,409,000 bpd.

Non-OPEC C+C was down 135,000 bpd from it high so far. It has been on a 9 month plateau high.

Read More

The EIA’s International Energy Statistics

11/09/201411/10/2014 Ron Patterson 163 Comments

The data on all charts below is Crude + Condensate production through July 2014 and is in thousand barrels per day.

World C+C production was up 168,000 bpd to 77,023,000 bpd. The high, so far, was in February at 77,409,000 bpd.

Non-OPEC C+C was down 135,000 bpd from it high so far. It has been on a 9 month plateau high.

Read More

OPEC October MOMR and other news

10/10/201410/10/2014 Ron Patterson 441 Comments

The OPEC Monthly Oil Market Report has just came out with OPEC production data for September 2014. All production numbers are in thousand barrels per day with the last data point September 2014.

The August production numbers were revised down 275,000 bpd from 30,347 kbd to 30,054 kbd. Current OPEC 12 production stands at 30,474 kbd, up 402 from the revised numbers.

Saudi Arabia’s August production numbers were revised down 202 kbd. With that revision they are down another 50 kbd in Septemer to 9,605 kbd.

Read More

OPEC Annual Statistical Bulletin + MOMR

08/10/201408/10/2014 Ron Patterson 153 Comments

The August OPEC Monthly Oil Market Report is out with the OPEC production numbers for July 2014. There were no big surprises and only small revisions in the June data.

The OPEC 12 was up 166,000 barrels per day. The increase was due to some Libyan oil coming back on line.

Libyan crude only was up 206 kbd to 438 kbd. Libya was up and down all the month of July and is now down again. From the Wall Street Journal: Risks Remain to Libya’s Oil Supply Despite Reopening of Ports, Fields Behind a pay wall but accessible via Google.

Following an end to protests by a local ethnic group at the country’s largest oil field, called Sharara, Libya’s oil production surged to a five-month high in mid-July to about 600,000 barrels a day—one third of which came from Sharara…

A week after the fighting broke out Libya’s state-owned National Oil Co. acknowledged the country’s output had fallen back by around 100,000 barrels a day.
Read More