Wednesday, August 6, 2008

Crude Oil Production - August Update

Crude Oil Production - August Update

rnkCountrybl---------blΔΔΔ
------x------------prevhighlow
------xMarAprMay---AprMayAug
---Country---x200820082008x200820052007
------------------------------
1Saudi Arabiax920091009400x300-200800
2Russiax933492969315x19415-75
3USx513951625166x4-414253
4Iranx400040004004x4-96104
5Chinax376937513811x6020065
6Mexicox284727672798x31-643-45
7UAEx271027102710x030851
8Kuwaitx260026002609x9109109
9Canadax259525462590x44230-208
10Iraqx230323032453x150550550
11Venezuelax244024402440x0-100-4
12Norwayx220921112247x136-548112
13Nigeriax233021302060x-70-630-320
14Angolax200320092015x6845285
15Algeriax186518951895x012071
16Brazilx175017971815x1812657
17Libyax174017181700x-18700
18UKx145314991486x-13-257258
19Kazakhstanx139813681357x-11-1730
20Azerbaijanx913939976x3757694
21Indonesiax975964965x1-10713
22Qatarx920934938x410373
23Omanx755748721x-27-4619
24Indiax705702701x-1198
25Egyptx609609609x0-47-70
26Malaysiax623607597x-104310
27Columbiax562567579x124851
28Argentinax675672548x-125-174-133
29Sudanx520520520x017034
30Australiax436476501x25122
31Ecuadorx508510499x-11-27-9
32Syriax390389388x-1-488
33Eq. Guineax385386388x2-20
34Yemenx313297306x9-99-11
35Denmarkx285290291x0-94-32
36Vietnamx274288260x-28-133-44
37Gabonx228250250x0-215
xotherx252525492574x25-1589
xblankxxxxxxxx
xworldx742867390174481x5802152220
xbarrelsxxxxxxxx
xpercentagexxxxxxxx


May 2008 is current the record for Crude and Condensate production.
May 2005 is the previous high.
August 2007 is the month with the lowest production in the interim.
The final three columns show the changes in production between the previous month(April), those two months, and the most recent month (May).

13 comments:

Anonymous said...

When you going to update the home page NOE graph?

Anonymous said...

soon, but you can always get it on the last update post. I've got to start remember to do those together. thanks :)

NMMM.NU said...

>>>May 2008 is current the record for Crude and Condensate production.

Is this higher in history? I am asking because of "peak oil" front.

Anonymous said...

May 2008 is the highest. Previously it was February 2008 at about 74.7 mbpd, but that was revised down by 400,000 bpd in the last two months. 230,000 for Nigeria and about 170,000 bpd for some country or countries in the "other" category. The revision in the "other category applied to all months going back through at least 2007.
-MFP

Anonymous said...

Am I correct in thinking that you include natural gas liquids in your accounting for 'net exports'.

If so, can you explain why you don't just count C+C which is the stuff that peaks?

Thanks, Xeroid.

Anonymous said...

Xeroid -

I try where possible to use NGPLs because in some cases the numbers are actually available on a monthly basis, but more importantly, NGPLs are inseparable from the available consumption numbers. Consumption is accounted for as all-liquids.

Anonymous said...

Thanks for the explanation.

Xeroid.

Anonymous said...

Sorry, another question ... just to test my understanding of the poor official statistics ... so, by including the NGPL in production figures it overestimates the % of production, but not the amount, of C+C being exported?

Xeroid.

admin said...

Demand and consumption numbers are always the all-liquids/85 mbpd number. I'm not aware of any comprehensive consumption figures for C+C only.

admin said...

Percent of production is figured using 85 million barrels per day or whatever the exact figure is.

NMMM.NU said...

>>>May 2008 is the highest.

I believe this means the world oil production has not peak yet? (or technically peaked May 2008).

Is that correct statement?

admin said...

This is an extremely hard question to answer without writing a book.

It depends on several things.

1) What your definition of peak oil is.

2) What time frame you allow for verification

3) What constitutes a decline

4) What you consider oil

..., etc.

I'm going to turn this into a thread ... bear with me.

But the short answer is that no, it hasn't, not yet.

In the meantime, I would recommend The Oil Drum (www.theoildrum.com)if you want to try to figure out the details of that debate.

-MFP

NMMM.NU said...

1) What your definition of peak oil is.

>>> conventional oil production decline. can be eighter because half of oil is produced already, or because of technological limit (this must be a plateau)

2) What time frame you allow for verification

>>> no idea ;) oil discoveries happen every day. unfortunately they are SMALL.

3) What constitutes a decline

>>> dont understand the question. decline is decline, isn't it? I believe saudies will pump more if they can, even the OPEC quota.

4) What you consider oil

>>> conventional only.