All OPEC data below is from the January OPEC Monthly Oil Market Report. All OPEC data is through December 2018 and is thousand barrels per day.
Qatar has left OPEC and is not included in this months report. All Qatar historical data has been removed from all OPEC charts.
OPEC 14 production was down by 751,000 barrels per day in December. That was after November production had been revised downward by 23,000 barrels per day.
Here you can see who had the big declines in December.
These first charts are taken from the EIA’s Monthly Crude Oil and Natural Gas Production. The data are through June 2018 and is in thousand barrels per day.
US C+C production was up 231,000 barrels per day in June to 10,674,000 bpd, an all-time high.
Texas was up 165,000 barrels per day in June to 4,410,000 bpd.
All OPEC data is from the latest OPEC Monthly Oil Market Report and is in thousand barrels per day. All data is through July 2018.
OPEC crude oil production was up 41,000 barrels per day in July but that was after June production was revised down by 43,000 bpd. So OPEC production is actually down 2,000 bpd from what was reported last month.
The big difference here is in what secondary sources says Saudi Arabia produced in July, down 52,800 bpd, and what Saudi says they produced, down 200,5000 bpd. What Venezuela says they produced has no basis in reality.
Department of Economics, University of Utah
E-mail: minqi.li@economics.utah.edu
July 2018
This is Part 2 of the World Energy Annual Report in 2018. This part of the Annual Report provides updated analysis of world oil production and consumption, evaluates the future prospect of world oil supply and considers the implications of peak oil production for global economic growth.
(See Figure 18 near end of paper) Read More
All data below is from various sources. All US data is from the EIA. Unless otherwise noted is in thousand barrels per day.
USA data is through April. C+C production was almost flat in April, down 2,000 bpd.