crude oil

World crude oil production overview for selected producers

In its U.S. EIA Monthly Energy Review of November 2016, the U.S. EIA updated its overview of global crude oil production for selected producers. Production continues to grow in Iran or Saudi Arabia but it has been declining in the U.S. since early 2015.

World crude oil production overview for selected producers (million barrels per day)

Source: [...]

By |November 24th, 2016|Categories: Graph Analysis|Tags: , , , , , , |

Iraqi oil production

The surge in Iraqi oil production that was predicted before the US-led 2003 invasion has indeed come to pass, but its growth was a lot slower than US and UK officials suggested was possible.

Source: FT. Energy Source – Weekly Briefing, July 2016.

By |July 11th, 2016|Categories: Graph Analysis|Tags: , , |

What affects oil price?

Crude oil prices react to a variety of geopolitical and economic events.

 

Changes in non-OPEC production can affect oil prices.

 

Changes in Saudi Arabia crude oil production can affect oil prices.

 

During 2003-2008, OPEC’s spare production levels were low, limiting its ability to respond to demand and price increases.

 
Sources: U.S. Energy Information Administration, EIA Short Term Energy Outlook [...]

By |December 15th, 2015|Categories: Graph Analysis|Tags: , , , |

US crude oil inventories are surging higher

 

 

 

Sources: Goldman Sachs, EIA

 

By |April 15th, 2015|Categories: Graph Analysis|Tags: , , |