The OPEC Monthly Oil Market Report (MOMR) for September 2023 was published recently. The last month reported in most of the OPEC charts that follow is August 2023 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In many of the OPEC charts that follow the blue line with markers is monthly output and the thin red line is the centered twelve month average (CTMA) output.
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 MoreA guest post by Ovi
Below are a number of crude oil plus condensate (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to March 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.
March Non-OPEC production increased by 264 kb/d to 50,243 kb/d. Of the 264 kb/d increase, the biggest increases came from the U.S., 349 kb/d and China, 78 kb/d. Offsetting the increases were decreases from Kazakhstan, Russia and Norway. The March 2022 output of 50,243 kb/d is 1,975 kb/d lower than the March pre-covid rate of 52,218 kb/d.
Read MoreAll OPEC data for this report is from the OPEC Monthly Oil Market Report. All data is through October 2020 and is in thousand barrels per day.
The combined production of all OPEC nations was up 322,000 barrels per day in October. However, that was after September production had been revised downward by 41,000 barrels per day.
Libya had the big gain in October.
Read MoreData for the OPEC charts below are from the OPEC Monthly Oil Market Report and is in thousand barrels per day. All data is through September 2020.
There was little change in OPEC production in September.
Total OPEC production was down 47,000 barrels per day in September but that was after August production was revised upward by 109,000 bpd.
Read More