Stories tagged with "opec"

Oilwatch Monthly June 2009

Posted by Rembrandt on June 16, 2009 - 10:07am in The Oil Drum: Europe
Topic: Supply/Production
Tags: demand, eia, iea, non-opec, oilwatch, opec, original, stocks total liquids, supply, world production [list all tags]

The June 2009 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 2.0 MB, 28 pp).

Figure 1 - Iraq crude oil & Liquids fuel production from January 2005 to May 2009.

The Oilwatch Monthly is a newsletter that is available free of charge with the latest data on oil supply, demand, oil stocks, spare capacity and exports. Readers who want to receive the Oilwatch Monthly in their e-mail box each month can subscribe at this weblink, by filling in their first name, last name, email adress and selecting Oilwatch Monthly in the mailing list box. To finalize your subscription push the 'inschrijven' button below the form.

A summary and latest graphics below the fold.

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Oilwatch Monthly May 2009

Posted by Rembrandt on May 22, 2009 - 9:37am in The Oil Drum: Europe
Topic: Supply/Production
Tags: demand, eia, iea, non-opec, oilwatch, opec, original, stocks total liquids, supply, world production [list all tags]

The May 2009 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 2.0 MB, 28 pp).

Figure 1 - World liquids production from January 2004 to May 2009.

The Oilwatch Monthly is a newsletter that is available free of charge with the latest data on oil supply, demand, oil stocks, spare capacity and exports. Readers who want to receive the Oilwatch Monthly in their e-mail box each month can subscribe at this weblink, by filling in their first name, last name, email adress and selecting Oilwatch Monthly in the mailing list box. To finalize your subscription push the 'inschrijven' button below the form.

A summary and latest graphics below the fold.

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World Oil Production Forecast - Update May 2009

Posted by ace on May 19, 2009 - 9:59am
Topic: Supply/Production
Tags: colin campbell, iea, jean laherrère, non-opec, oil production forecast, opec, original, peak oil, total liquids [list all tags]

World oil production peaked in July 2008 at 74.82 million barrels/day (mbd) and now has fallen to about 71 mbd. It is expected that oil production will decline slowly to about December 2010 as OPEC production increases while non-OPEC production decreases. After 2010 the resulting annual production decline rate increases to 3.4% as OPEC production is unable to offset cumulative non-OPEC declines. The forecast from the IEA WEO 2008 is also shown for comparison.

The US Energy Information Administration (EIA) and the International Energy Agency (IEA) should make official statements about declining world oil production now to renew the focus on oil conservation and alternative renewable energy sources.

Fig 1 - World Oil Production to 2012 - click to enlarge (oil includes crude oil, lease condensate and oil sands)

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Oilwatch Monthly April 2009

Posted by Rembrandt on April 17, 2009 - 10:30am in The Oil Drum: Europe
Topic: Supply/Production
Tags: demand, eia, iea, non-opec, oilwatch, opec, original, stocks total liquids, supply, world production [list all tags]

The April 2009 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.9 MB, 28 pp).

Figure 1 - OPEC liquids production from January 2004 to March 2009.

The Oilwatch Monthly is a newsletter that is available free of charge with the latest data on oil supply, demand, oil stocks, spare capacity and exports. Readers who want to receive the Oilwatch Monthly in their e-mail box each month can subscribe at this weblink, by filling in their first name, last name, email adress and selecting Oilwatch Monthly in the mailing list box. To finalize your subscription push the 'inschrijven' button below the form.

A summary and latest graphics below the fold.

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World Oil Production Peaked in 2008

Posted by ace on March 17, 2009 - 9:15am
Topic: Supply/Production
Tags: aspo, cera, colin campbell, exxonmobil, fredrik robelius, iea, jean laherrère, non-opec, oil production forecast, opec, original, peak oil, total liquids, usgs [list all tags]

As everyone knows, there is never a post on The Oil Drum that the entire staff agrees on. Nonetheless, Tony bases his findings on solid research, and a staff survey shows that most agree with a 2008 peak. A post discussing whether an alternate scenario with a second later peak might be feasible is planned for later.

World oil production peaked in 2008 at 81.73 million barrels/day (mbd) shown in the chart below. This oil definition includes crude oil, lease condensate, oil sands and natural gas plant liquids. If natural gas plant liquids are excluded, then the production peak remains in 2008 but at 73.79 mbd. However, if oil sands are also excluded then crude oil and lease condensate production peaked in 2005 at 72.75 mbd.

The US Energy Information Administration (EIA) and the International Energy Agency (IEA) should make official statements about declining world oil production to renew the focus on oil conservation and alternative energy sources.


World Oil Production to 2012 - click to enlarge

Sources for historical data: world crude and condensate (EIA) but with oil sands excluded, oil sands (CAPP), and world natural gas liquids (EIA).

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Oilwatch Monthly March 2009

Posted by Rembrandt on March 16, 2009 - 9:01am in The Oil Drum: Europe
Topic: Supply/Production
Tags: demand, eia, iea, non-opec, oilwatch, opec, original, stocks total liquids, supply, world production [list all tags]

The March 2009 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.9 MB, 28 pp).

Figure 1 - United States Liquids fuel consumption from January 2004 to December 2008.

The Oilwatch Monthly is a newsletter that is available free of charge with the latest data on oil supply, demand, oil stocks, spare capacity and exports. Readers who want to receive the Oilwatch Monthly in their e-mail box each month can subscribe at this weblink, by filling in their first name, last name, email adress and selecting Oilwatch Monthly in the mailing list box. To finalize your subscription push the 'inschrijven' button below the form.

A summary and latest graphics below the fold.

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OPEC Meeting and a Few Related Thoughts and Graphs from Readers

Posted by Gail the Actuary on March 14, 2009 - 10:01am
Topic: Supply/Production
Tags: oil production, opec, opec meeting [list all tags]

OPEC will meet on Sunday to talk about possibly reducing oil production further. In this post, I have a few short news clips, and some reader supplied analyses and graphs. Some of the graphs relate more to world oil production in total than just OPEC.

This is a graph provided by OPEC in its March report showing its estimate of both OPEC and World oil production through February:

According to OPEC's view, both OPEC and world production continued to drop through February.

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Saudi Arabia's Crude Oil Production Peaked in 2005

Posted by ace on March 3, 2009 - 10:24am
Topic: Supply/Production
Tags: ali al-naimi, aramco, jack zagar, jean laherrère, matthew simmons, opec, original, peak oil, saudi arabia [list all tags]

Saudi Arabia's historical crude oil production indicates a peak of 9.6 million barrels/day in 2005. In 2008, crude production was 9.3 mbd. In 2009 it is forecast to be 8.1 mbd followed by an increase in 2010 to 8.5 mbd. Unfortunately, after 2010 a steady decline is forecast.

The forecast production profile assumes that Saudi Arabia's ultimate recoverable crude oil reserves (URR) are 185 billion barrels (Gb). However, it is possible that Saudi Arabia could have an additional 25 Gb from discovered undeveloped fields and future discoveries. A higher URR of 210 Gb implies that the additional production increment could decrease the total decline rate from about 2015 as shown by the dashed line in the chart below.

Figure 1 -Saudi Arabia Crude Oil Production to 2080 - click to enlarge

The URR estimates in the chart above are made by using secondary data sources. In this time of economic crisis, it would appear appropriate for Saudi Arabia's oil fields to be publicly audited. The full disclosure of total remaining reserves, by field, would enable more effective future oil production and consumption planning in this post peak oil age.

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Oilwatch Monthly February 2009

Posted by Rembrandt on February 17, 2009 - 10:24am in The Oil Drum: Europe
Topic: Supply/Production
Tags: demand, eia, iea, non-opec, oilwatch, opec, original, stocks total liquids, supply, world production [list all tags]

The February 2009 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.9 MB, 24 pp).

Figure 1 - World Crude Oil production 12 month rolling average from January 2004 to November 2008.

The Oilwatch Monthly is a newsletter that is available free of charge with the latest data on oil supply, demand, oil stocks, spare capacity and exports. Readers who want to receive the Oilwatch Monthly in their e-mail box each month can subscribe at this weblink, by filling in their first name, last name, email adress and selecting Oilwatch Monthly in the mailing list box. To finalize your subscription push the 'inschrijven' button below the form.

A summary and latest graphics below the fold.

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Oilwatch Monthly January 2009

Posted by Rembrandt on January 23, 2009 - 12:00pm in The Oil Drum: Europe
Topic: Supply/Production
Tags: demand, eia, iea, non-opec, oilwatch, opec, original, stocks total liquids, supply, world production [list all tags]

The January 2009 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.6 MB, 24 pp).

Figure 1 - World Liquids production from January 2004 to December 2008.

The Oilwatch Monthly is a newsletter that is available free of charge with the latest data on oil supply, demand, oil stocks, spare capacity and exports. Readers who want to receive the Oilwatch Monthly in their e-mail box each month can subscribe at this weblink, by filling in their first name, last name, email adress and selecting Oilwatch Monthly in the mailing list box. To finalize your subscription push the 'inschrijven' button below the form.

A summary and latest graphics below the fold.

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