OLOXF - February Non-OPEC And World Oil Production Rises
2024-06-12 12:40:00 ET
Summary
- World oil production increased by 553 kb/d in February to 82,219 kb/d.
- February’s Big 3 oil production increased by 753 kb/d to 32,600 kb/d.
- February Non-OPEC oil production increased by 276 kb/d to 53,345 kb/d.
A guest post by 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 February 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, and China is used to provide a short-term outlook.
World oil production increased by 553 kb/d in February to 82,219 kb/d, green graph. The largest increase came from the U.S., 578 kb/d. March's World oil production is projected to rise by 402 kb/d to 82,621 kb/d. As a check on the estimate for February 2024 that was made in the previous forecast, it was 82,204 kb/d, low by 15 kb/d....
February Non-OPEC And World Oil Production Rises