USA And World Oil Production

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Includes: BNO, DBO, DBRT, DNO, DRIP, DTO, DWT, GUSH, IEO, NDP, OIL, OILD, OILK, OILU, OILX, OLEM, OLO, PXE, SCO, SZO, UBRT, UCO, USAI, USL, USO, USOD, USOI, USOU, UWT, WTID, WTIU, XOP
by: Ron Patterson

All data below is from various sources. All US data is from the EIA. Unless otherwise noted is in thousand barrels per day.

US C+C production through April 2018. For the last 8 months, the average increase in US production has been 168,000 bpd. Most of this has come from the Permian.

This chart is through February 2018. US net imports peaked in 2006 and have dropped about 9.5 million barrels per day since then.

Alaska through March 2018. Alaska's decline has definitely slowed.

GOM through March. The resurgence in GOM production seems to have petered out about a year and a half ago and is now holding at about 1.7 million barrels per day.

North Dakota through March. Has shale production peaked in North Dakota? It does appear that they are having trouble increasing production in the last six months.

Texas through March. All that increase in US production has come from Texas, primarily from the Permian. For how long and for how much will this increase continue? I have no idea but guesses will be welcome in the comments below.

This data is from the Canadian National Energy Board and is through December 2018. They say all data from September 2017 through December 2018 is an estimate. They are expecting production to bottom out in May 2018 and then increase for the remainder of the year.

This data is from the Russian Minister of Energy and is through May 2018. Russian production has been almost flat for the last three months. Data from the Russian Minister of Energy averages about 400,000 barrels per day higher than the EIA's estimate.

China through February 2018. China is clearly in decline though the decline seems to have slowed.

Mexico through February 2018. Mexico is in a slow decline though the decline has slowed in the last few months.

Norway + U.K. through February 2018. I have combined the two to show what is happening in the North Sea, with the exception of Denmark of course. But I find this a little shocking. The decline in North Sea production seems to have completely halted with even a slight increase.

Non-OPEC C+C through February 2018. Non-OPEC production, even with the increase in US production peaked, so far, in December of 2014. The 12-month average peaked, again, so far, in 2015. But there is no denying that Non-OPEC production is on that preverbal bumpy plateau.

World C+C production through February 2018. World production seems to have been on a slow steady three-year increase in production after making a huge jump in 2013 and 2014.

This data is through February 2018. Just out of curiosity I thought I would show the US's part in keeping peak oil at bay. Significant I would say.

And the US contribution to Non-OPEC production is even more significant. Again, the data is through February 2018.

Thanks to Mushalik for the above graph.