Peak Oil – Page 29 – Peak Oil Barrel

Non-OPEC Oil Production Starts to Rebound

10/23/202010/31/2020 Ovi 182 Comments

A post by Ovi at peakoilbarrel

Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to June 2020. Information from other sources such as OPEC, the STEO and country specific sites is used to provide a short term outlook for future output and direction for a few countries.

Non-OPEC production has started to rebound from the May low of 45,379 kb/d. According to the EIA, June’s output added 564 kb/d to May’s to end up 45,943 kb/d. Using data from the STEO, a projection for Non-OPEC output was made to September. September output is expected to rise to 48,739 kb/d, with the biggest increment occurring in July, close to 1,000 kb/d. Of the 1,000 kb/d, 500 kb/d will be provided by the US.

GoM Summary Part IV: Company Details

10/08/202010/19/2020 George Kaplan 130 Comments

A Guest Post by George Kaplan

Production is dominated by major international companies particularly, and maybe surprisingly, European ones. Principally Shell and BP, but with Equinor, Eni, Total and Repsol also active and many are (or were) seemingly wanting to expand in the area. Maybe this is an example of reciprocal technology transfer: the North Sea was initially developed with a lot of American offshore know how and there it may now be the reverse is happening as deeper water fields using floating and subsea systems are developed.

OPEC August 2020 Oil Production

09/14/202009/14/2020 Ron Patterson 132 Comments

All OPEC data below is from the September OPEC Monthly Oil Market Report. The data is through August 2020 and is in thousand barrels per day.

NOTE: This new theme is screwing up the size of my charts. It seems it has a size threshold where they have to be slightly larger than my input charts to show up larger. I will have it fixed by next my next post where all the charts show up larger.

OPEC 13 crude only production was up 763,000 barrels per day in August. However, that was after June production was revised upward by 50,000 barrels per day and July production was revised upward by 110,000 barrels per day.

This is the data used in the charts below. It is basically a composite of reports by several production tracking agencies.

OPEC July 2020 Production Charts

08/14/202008/26/2020 Ron Patterson 158 Comments

All OPEC data below is from the August OPEC Monthly Oil Market Report. The data is through July 2020 and is in thousand barrels per day.

OPEC crude only was up almost one million barrels per day in July.

The lions share of the increase in OPEC production came Saudi Arabia. Iraq, Kuwait, and the UAE accounted for the rest.

US May Production Plunges 2Mb/d

08/01/202008/07/2020 Ovi 119 Comments

A post by Ovi at peakoilbarrel

All of the oil (C + C) production data for the US states comes from the EIAʼs Petroleum Supply monthly PSM. At the end of the production charts, an analysis of three different EIA monthly reports projecting future production is provided. The charts below are updated to May 2020 for the 10 largest US oil producing states.

May’s production drop is just short of 2 Mb/d by 11 kb/d. Awesome. US oil fields began a slow and steady decline from November 2019 to March 2020. March brought the combination of CV-19 and oil price drop that led to the sharp production plunges in April and May. Since the current EIA data is two months delayed, May is the second month that shows the combined effects of the pandemic and low oil prices. Will June drop below 10,000 kb/d?