OPEC – Page 33 – Peak Oil Barrel

EIA Quarterly Crude + Condensate Production Data

01/31/201402/01/2014 Ron Patterson 255 Comments

The EIA publishes all kinds of energy production data but I collect and chart only Crude + Condensate data. But that comes in three flavors, monthly, quarterly and yearly. I decided to chart the quarterly data and see if that looks any clearer than the monthly data.

Quarterly C+C production in kb/d. The last quarter, 3rd, ends September 2013.

World C+C production has increased 2 million barrels per day since the 2nd quarter of 05. Who were the big gainers that caused this 2 million barrel per day increase?

Turns out it was all USA.
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Update: OPEC January MOMR with December Production Data

01/16/201401/30/2014 Ron Patterson 98 Comments

The OPEC January Monthly Oil Market Report is out with crude only production data through December 2012. Total OPEC crude only was 29,223,000 barrels per day, down 20,000 barrels per day. But that was after November production was revised down by 170,000 bp/d. So December production was down 190,000 bp/d from what they originally reported last month.

Big movers were Iraq and Libya. Iraqi November production was revised down by 132,000 bp/d and their December production was down another 55,000 bp/d meaning they were down 187,000 from what was originally reported last month.