OLOXF - January Non-OPEC And World Oil Production Big Drop
2024-05-13 08:50:00 ET
Summary
- World oil production decreased by 1,402 kb/d in January.
- January’s Big 3 production decreased by 567 kb/d to 31,805 kb/d.
- January Non-OPEC oil production dropped by 1,312 kb/d to 52,911 kb/d.
A guest post by Ovi
The focus of this post is overall 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 January 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 decreased by 1,402 kb/d in January, green graph. The largest decrease came from the U.S., 762 kb/d. February’s World oil production is projected to rebound by 696 kb/d to 82,204 kb/d.
From December 2023 to December 2025, production is estimated to increase by 1,704 kb/d....
January Non-OPEC And World Oil Production, Big Drop