USOI - October World Oil Production Continues To Rebound
2024-02-12 04:30:00 ET
Summary
- World oil production increased by 302 kb/d in October.
- Peak production in the Big 3 occurred in April 2020 with a rate of 34,739 kb/d.
- World’s 12 largest oil producers produced 76.6% of the world’s oil.
A guest post by Ovi
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 October 2023. 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 and Projection
World oil production increased by 302 kb/d in October (green graph). The largest increase came from Canada and Kazakhstan with both adding 123 kb/d each.
This chart also projects World C + C production out to December 2025. It uses the February 2024 STEO report along with the International Energy Statistics to make the projection (red markers)....
October World Oil Production Continues To Rebound