The EIA’s Short Term Energy Outlook (STEO) was published in early February. The chart below estimates World C+C by using the STEO forecast combined with past data from the EIA on World Output.
Tag: shale oil
US October Oil Production Held Steady
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 which provides updated information up to October 2023.
U.S. October oil production decreased by 4 kb/d to 13,248 kb/d. The decrease was primarily due to decreases in the GOM and North Dakota being partially offset by increases in Texas and New Mexico. Note that September production was revised up from 13,236 kb/d to 13,252 kb/d.
Read MoreUS August Oil Production at Record High
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 which provides updated information up to August 2023.
U.S. August oil production increased by 94 kb/d to 13,053kb/d, a new record high by 53 kb/d over November 2019. The increase was primarily due to increases in Texas, New Mexico and North Dakota. Note that July production was revised down from 12,991 kb/d to 12,959 kb/d, which accounts for 32 kb/d of the 94 kb/d August increase.
Read MoreUS July Oil Production Rises on Texas & GOM Jump
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 which provides updated information up to July 2023.
U.S. July oil production increased by 91 kb/d to 12,991 kb/d. The large increase was primarily due to a 73 kb/d increase in the GOM and a 72 kb/d increase in Texas.
The dark blue graph, taken from the September 2023 STEO, is the forecast for U.S. oil production from August 2023 to December 2024. Output for December 2024 is expected to be 13,457 kb/d which is 457 kb/d higher than the November 2019 peak of 13,000 kb/d.
Read MoreOPEC Update, May 2023
The OPEC Monthly Oil Market Report (MOMR) for May 2023 was published recently. The last month reported in most of the OPEC charts that follow is April 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.
