{"id":8681,"date":"2015-05-31T10:01:16","date_gmt":"2015-05-31T15:01:16","guid":{"rendered":"http:\/\/olduvai.ca\/?p=8681"},"modified":"2015-05-31T10:01:16","modified_gmt":"2015-05-31T15:01:16","slug":"opec-according-to-the-eia","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=8681","title":{"rendered":"OPEC according to the EIA"},"content":{"rendered":"<header>\n<h3 class=\"entry-title\"><a href=\"http:\/\/peakoilbarrel.com\/opec-according-to-the-eia\/\" target=\"_blank\">OPEC according to the EIA<\/a><\/h3>\n<div class=\"entry-meta\">OPEC publishes monthly production data for all OPEC nations in their\u00a0<a href=\"http:\/\/www.opec.org\/opec_web\/static_files_project\/media\/downloads\/publications\/MOMR_May_2015.pdf\">Monthly Oil Market Report<\/a>. The data crude oil production only and does not include condensate. I have found the data to be highly accurate and any errors are corrected in the next month\u2019s report or the month following that. The OPEC data is from OPEC\u2019s \u201cSecondary Sources\u201d.<\/div>\n<\/header>\n<div class=\"entry-content\">\n<p>The EIA also publishes OPEC production data in their\u00a0<a href=\"http:\/\/www.eia.gov\/cfapps\/ipdbproject\/IEDIndex3.cfm?tid=50&amp;pid=53&amp;aid=1\">International Energy Statistics<\/a>. However the EIA does not publish crude only data. Their data includes condensate.<\/p>\n<p>All data is in thousand barrels per day.\u00a0<strong>The last EIA data point is December 2014 and the last OPEC data point is April 2015.<\/strong><\/p>\n<p><a href=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/05\/O-v-E-Algeria.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7997\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/05\/O-v-E-Algeria.jpg\" alt=\"O v E Algeria\" width=\"881\" height=\"503\" \/><\/a><\/p>\n<p>Almost 20% of Algeria\u2019s production is condensate if the EIA is correct. Algeria does produce a lot of condensate but I have serious doubts about the accuracy of the EIA data. As you can see from the chart the EIA has Algeria\u2019s production absolutely flat for 24 months, from January 2010 through December 2011. But both the EIA and OPEC agree on one point, Algeria is in decline.<\/p>\n<p><a href=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/05\/O-v-E-Angola.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7998\" src=\"http:\/\/peakoilbarrel.com\/wp-content\/uploads\/2015\/05\/O-v-E-Angola.jpg\" alt=\"O v E Angola\" width=\"880\" height=\"502\" \/><\/a><\/p>\n<p>Angola is one place the EIA and OPEC pretty much agree. Angola has declined by about 300,000 bpd since peaking in 2010.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OPEC according to the EIA OPEC publishes monthly production data for all OPEC nations in their\u00a0Monthly Oil Market Report. The data crude oil production only and does not include condensate. I have found the data to be highly accurate and any errors are corrected in the next month\u2019s report or the month following that. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[185,416,433,5921,588,595,596,600,5920,617],"class_list":["post-8681","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-crude-oil-production","tag-iea","tag-international-energy-agency","tag-international-energy-statistics","tag-oil","tag-oil-production","tag-oil-supply","tag-opec","tag-opec-data","tag-peak-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8681"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8681\/revisions"}],"predecessor-version":[{"id":8682,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/8681\/revisions\/8682"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}