Peak Oil – Page 19 – Peak Oil Barrel

US July Oil Production Shows Little Growth

10/02/202210/02/2022 Ovi 267 Comments

A guest post by Ovi

All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs September Petroleum Supply monthly PSM which provides data up to July 2022.

U.S. July production increased by a minimal 12 kb/d to 11,800 kb/d. For July, the states with increasing production were offset by states with decreasing production. July’s production was a new recent high. Production was 10 kb/d higher than November 2021 which was producing at a rate of 11,790 kb/d. However it should be noted that June’s oil production was revised down from 11,816 kb/d to 11,788 kb/d in the September report.

OPEC Update, September 18, 2022

09/18/202209/18/2022 D Coyne 195 Comments

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.

GOM Oil Production fuels US June Increase

09/02/202209/02/2022 Ovi 115 Comments

A Guest post by Ovi

All of the Crude plus Condensate (C + C) production data for the US state charts comes from the EIAʼs Petroleum Supply monthly PSM.

U.S. June production increased by 201 kb/d to 11,816 kb/d. Of the 201 kb/d increase, the largest increase came from the GOM, 183 kb/d. June’s production was a new recent high at 26 kb/d higher than November 2021 which was producing at a rate of 11,790 kb/d.

OPEC Update, August 2022

08/25/202209/02/2022 D Coyne 234 Comments

The OPEC Monthly Oil Market Report (MOMR) for August 2022 was published recently. The last month reported in most of the OPEC charts that follow is July 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.

Future Decline Rate of World Oil Output

08/08/202208/08/2022 D Coyne 269 Comments

A conservative model of future World Crude plus Condensate (C+C) output is presented below with an average decline rate of 2.8% from 2040 to 2110. From 1933 to 1972 World C+C output increased at an average annual rate of about 7.8% and after the oil shocks in the 1970s and 1980s from 1983 to 2016 output increased at 1.2%/year on average. The decrease in the rate of change in World output was 6.5% between the high growth period up to 1972 and the slower growth period up to 2016. My model projects continued 1.2% average annual growth in C+C output from 2022 to 2029 when the final peak in output is projected. The annual rate of decline gradually increases to above 2.5% by 2039 and is followed by steady decline at 2.8% for the next 70 years. The decrease in the rate of change in output from the earlier period from 1983 to 2029 (about 1.2%) to the period after 2039 is 4%. Chart has a log vertical axis to indicate rates of change in output.