Data for this Date Range July 31, 2014 9.84M June 30, 2014 9.69M May 31, 2014 9.69M April 30, 2014 9.69M March 31, 2014 9.69M Feb. 28, 2014 9.89M Jan. 31, 2014 9.94M Dec. 31, 2013 9.84M Nov. 30, 2013 9.84M Oct. 31, 2013 9.84M Sept. 30, 2013 10.14M Aug. 31, 2013 10.24M July 31, 2013 10.04M June 30, 2013 9.84M May 31, 2013 9.64M April 30, 2013 9.44M March 31, 2013 9.14M Feb. 28, 2013 9.14M Jan. 31, 2013 9.14M Dec. 31, 2012 9.24M Nov. 30, 2012 9.54M Oct. 31, 2012 9.80M Sept. 30, 2012 9.80M Aug. 31, 2012 10.02M July 31, 2012 10.02M
From Reuters, October production numbers:
June 30, 2012 10.02M May 31, 2012 9.73M April 30, 2012 9.93M March 31, 2012 10.03M Feb. 29, 2012 10.04M Jan. 31, 2012 9.84M Dec. 31, 2011 9.84M Nov. 30, 2011 9.84M Oct. 31, 2011 9.54M Sept. 30, 2011 9.74M Aug. 31, 2011 9.94M July 31, 2011 9.84M June 30, 2011 9.64M May 31, 2011 8.94M April 30, 2011 8.94M March 31, 2011 8.94M Feb. 28, 2011 9.14M Jan. 31, 2011 9.14M Dec. 31, 2010 8.94M Nov. 30, 2010 9.04M Oct. 31, 2010 8.84M Sept. 30, 2010 9.34M Aug. 31, 2010 9.34M July 31, 2010 9.34M June 30, 2010 9.24M
The report by economists at OPEC's Vienna headquarters said Saudi Arabia had told OPEC it produced 9.69 million bpd in October, little changed from 9.704 million in September.Bottom line is that they're not doing anything drastic. Deep water and fracking have finally raised production levels to the point that prices have to come down for the market to clear.
Thanks for the data and link. I didn't mean to suggest it was a drastic change. I had watched the trickle down from last summer.
Deep water and fracking have finally raised production levels to the point that prices have to come down for the market to clear.
I believe the recent significant change was Libya coming mostly back on line. Prior Libya shutdowns had been made up mostly by US Shale increasing production. As they recently started production ramping up, the slack was already gone.
I don't think the Offshore has really made much difference lately.