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To: marcusmaximus

Meanwhile the United States is producing 12.5 million barrels a day.


2 posted on 04/28/2023 12:27:31 PM PDT by Round Earther
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To: All

Oil output is a dicey measurement because all oil is not created equal. Russia has in the past reported production in metric tonnes rather than barrels.

Russia’s oil is, of course, energy superior to shale oil that has less diesel constituent portionality per unit volume (barrel). So this means the generic divisor to calculate tonnes —> barrel is dependent on the converting divisor, and often people pull a number out of the air for that that does not reflect the extra middle distillate content.

Regardless, Russia oil output is likely, with a constant tonnes/barrels divisor (even if it’s wrong, hold it constant), approximately 5% below Jan 2020 (pre virus).

Latest measure Russian domestic consumption is 3.4 million barrels/day with that divisor.

US output 12.3 million bpd, consumption about 19 million bpd, still down slightly from pre virus.

That is a 6 mbpd surplus vs about 6 mbpd deficit.


5 posted on 04/28/2023 12:56:01 PM PDT by Owen
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