The OPEC Monthly Oil Market Report (MOMR) for November 2024 was published recently. The last month reported in most of the OPEC charts that follow is October 2024 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the OPEC charts below the blue line with markers is monthly output and the thin red line is the centered twelve month average (CTMA) output.
Comments not related to oil or natural gas production in this thread please. Thanks.
Read MoreThe EIA STEO was published recently, the estimate for World C+C output from September 2024 to December 2024 in the chart below is based on crude oil estimates in the STEO for World minus US C+C output and the ratio of the STEO crude estimates and C+C estimates from the EIA’s International Energy Statistics for World minus US C+C output for the most recent 12 months (September 2023 to August 2024).
Comments not related to oil or natural gas in this thread please. Thanks.
Read MoreBy Ovi
The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil producing countries. OPEC production is covered in a separate post.
Below are a number of Crude plus Condensate (C + C) production charts, usually shortened to “oil”, for oil producing countries. The charts are created from data provided by the EIA’s International Energy Statistics and are updated to July 2024. This is the latest and most detailed/complete World oil production information available. Information from other sources such as OPEC, the STEO and country specific sites such as Brazil, Norway, Mexico and China is used to provide a short term outlook.
World oil production increased by 406 kb/d in July to 81,591 kb/d, green graph. The largest increase came from Saudi Arabia, 300 kb/d. August’s World oil production is projected to increase by 295 kb/d to 81,886 kb/d.
Read More