The OPEC Monthly Oil Market Report (MOMR) for December 2022 was published recently. The last month reported in most of the OPEC charts that follow is November 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.
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.
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 July 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 countries and the world. The US report has an expanded view beyond production by adding rig and frac charts.
July Non-OPEC oil production increased by 697 kb/d to 49,616 kb/d. The largest increases came from Norway 311 kb/d, Kazakhstan 200 kb/d and Canada 178 kb/d. The largest offsetting decrease came from China 153 kb/d.
Read MoreThe OPEC Monthly Oil Market Report (MOMR) for October 2022 was published recently. The last month reported in most of the OPEC charts that follow is September 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. Note however there are a few exceptions to this for OPEC+ charts near the end of the post where EIA C+C data was used which has the most recent data from June 2022 (so three months behind the OPEC crude only data in most of the charts that follow.)
The OPEC Monthly Oil Market Report (MOMR) for September 2022 was published recently. The last month reported in most of the OPEC charts that follow is August 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.
