The EIA is out with the latest Short Term Energy Outlook. All charts below are in million barrels per day. The one table is in thousand barrels per day. The projected data is through December 2016.
The EIA has Non-OPEC total liquids dropping 620,000 bpd in September, up 280,000 bpd in November but bottoming out in January, February and March, then climbing until October of 2016.
The Bakken Production Statistics and the ND Production Statistics with June production numbers has been published.
Bakken production was up by 10,887 barrels per day to 1,152,455 BPD while all North Dakota production was up by 8,565 barrels per day to 1,211,180 BPD. Bakken production is still 11,068 bpd below their December high while all North Dakota production is still 17,240 bpd below their December high.
The latest OPEC Monthly Oil Market Report is out. There were no big surprises.
OPEC crude only production was up 23,000 bpd in May but that was after April had been revised upward by 110,000 bpd.
Almost no change is Saudi production, down 5,000 bpd to 10,107,000 bpd.
The EIA has just released their Short-Term Energy Outlook for January. They have now included their predictions for 2016. Here is what they expect for US C+C. I have made the first projected production for December 2014 though the EIA says they have production data for December. All date is in million barrels per day through December 2016.
The EIA is saying that US C+C will peak at 9.47 mb/d in May 2015, drop 330,000 barrels per day by September 2015 then recovers, apparently because the price of oil goes back. Or perhaps they have another reason. They do not have US production surpassing May 2015 until July of 2016.
The EIA only gives C+C outlook numbers for domestic production. However they do project total liquids for all Non-OPEC nations. But first here is what they are predicting for US total liquids:
The EIA has US total liquids hitting a plateau in July 2015 then heading up again in April 2016 and increasing by 1 million barrels per day during the remainder of the year.
The EIA just came out with their SHORT-TERM ENERGY OUTLOOK. The non-OPEC data is liquids. The EIA counts everything, all biofuels, NGLs and refinery process gain in their “Total Liquids” category.
The data below, unless otherwise specified, is in million barrels per day. The last recorded data point is September 2014 and the projection is through December 2015.
The EIA is expecting non-OPEC total liquids to be up 1.17 million barrels per day over the next 15 months, October 2014 through December 2015.
The EIA is projecting US Total Liquids to be up 1.44 million barrels per day over the next 15 months. That means they are expecting the rest of non-OPEC to be down 270 thousand barrels per day December 2015.
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