Peak Oil Barrel The Reported Death of Peak Oil Has Been Greatly Exaggerated

Time 2020-09-27 01:04:08

Web Name: Peak Oil Barrel The Reported Death of Peak Oil Has Been Greatly Exaggerated

WebSite: http://peakoilbarrel.com

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Peak Oil Barrel The Reported Death of Peak Oil Has Been Greatly ExaggeratedBelow are a number of oil (C + C ) production charts for Non-OPEC countries created fromdata provided by the EIA’sInternational Energy Statisticsand updated to May 2020. Information from other sources such as the OPEC and country specific sites is used to provide a short termoutlook for future output anddirection.Non-OPEC production dropped slowly from a high of 52,638 kb/d in December 2019 to 52,396 kb/d in March 2020. In April that changed when we saw the first big drop in output from the Non-OPEC countries associated with Covid and with the drop in world oil prices. May output collapsed to 45,340 kb/d, which is close to the production level in September 2013.All OPEC data below is from the September OPEC Monthly Oil Market Report. The data is through August 2020 and is in thousand barrels per day.NOTE: This new theme is screwing up the size of my charts. It seems it has a size threshold where they have to be slightly larger than my input charts to show up larger. I will have it fixed by next my next post where all the charts show up larger. OPEC 13 crude only production was up 763,000 barrels per day in August. However, that was after June production was revised upward by 50,000 barrels per day and July production was revised upward by 110,000 barrels per day.This is the data used in the charts below. It is basically a composite of reports by several production tracking agencies.Comments not related to oil or natural gas production in this thread please.All of the oil (C + C) production data for the US states comes from the EIAʼs Petroleum Supply monthlyPSM. After the production charts, an analysis of three EIA monthly reports projecting future production is provided. The charts below are updated to June 2020 for the 10 largest US oil producing states.June s production rebounded from May s low by adding 420 kb/d. May s output was revised up by 15 kb/d from the EIA s July report.

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