May Non-OPEC Oil Production Declines Again
May Non-OPEC production decreased by 148 kb/d to 48,834 kb/d. World oil production in May decreased by 638 kb/d to 78,947 kb/d according to the EIA.
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May Non-OPEC production decreased by 148 kb/d to 48,834 kb/d. World oil production in May decreased by 638 kb/d to 78,947 kb/d according to the EIA.
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U.S. March production increased by 349 kb/d to 11,655 kb/d. Relative to November’s 2021 production of 11,769 kb/d, March is still 114 kb/d lower.
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