EIA World Crude Oil Production
All the data below is in thousand barrels per day and through February 2016 unless otherwise noted.
They have world C+C peaking, so far, in November 2015 at 80,630,000 bpd. February production was 79,653,000 bpd, or 977,000 bpd below the peak. World C+C production, they say, averaged 80,035,000 in 2015. Average for the first two months of 2016 was 79,933.000 or 102,000 bpd below the average for 2015.
So with world production continuing to decline, there is little doubt that 2016 production will be well below 2015 production.
They have Non-OPEC peaking in March 2015 at 46,504,000 bpd and down by 925,000 bpd in February to 45,579,000 bpd.
They also publish OPEC members data, Table 11.1a. OPEC C+C failed to breach its 2012 peak but did reach 34,562,000 bpd in July 2015 but by February 2016 it was down 488,000 bpd to 34,074,000 bpd.
This is the EIA’s version of Canadian production. It looks exactly like Canada’s National Energy Board data except the EIA’s data is about 150,000 bpd less than Canada’s NEB shows. Obviously Canada is counting something that the EIA is not. Look for Canada’s production to decline substantially in 2016. And those May wildfires will not help at all.
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