OLOXF - March Non-OPEC And World Oil Production Rose
2024-07-11 08:30:00 ET
Summary
- World oil production increased by 440 kb/d in March to 82,585 kb/d.
- World without US March oil output increased by 364 kb/d to 69,403 kb/d.
- March Non-OPEC oil production increased by 177 kb/d to 53,527 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 March 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 440 kb/d in March to 82,585 kb/d, green graph. The largest increase came from Saudi Arabia, 100 kb/d while Brazil had the biggest drop, 92 kb/d. April’s World oil production is projected to drop by 762 kb/d to 81,823 kb/d largely due to a drop in Non-OPEC production....
March Non-OPEC And World Oil Production Rose