Global Crude Oil Production 2003 – 2008

October 13, 2008

Global Crude Oil Production 2003 – 2008

All Liquids Production in millions of barrels per day:

The first chart shows global production of all-liquids which includes Natural Gas Plant Liquids (NGPLs) has increased 2 mbpd more than conventional crude-and-condensate production. There are some notable decreases in production in the fourth quarter of 2008 which will cause C+C production to average about the same as 2005 and all-liquids production to avaerage about 1 mbpd above the 2005 level.


World Oil Supply 2004 – 2007

November 15, 2007

click here for larger “World Oil Supply 2004 – 2007″ image

Global oil production peaked in the spring of 2006 at about 85 million barrels per day of all-liquids and 74 mbpd of crude-and-condensate only. For about 18 months the all-liquids figure has been declining at 0.1% per annum. The crude-and-condensate total has been declining at 0.5% per annum.