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.
Source: seekingalpha.com
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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.
The EIA reported Brazil’s January production increased by 194 kb/d to 3,032 kb/d. The EIA reported that Russian output decreased by 99 kb/d in January to 10,598 kb/d. Read more here.
The December 2021 output of 49,628 kb/d is 2,566 kb/d lower than the March pre-covid rate of 52,194 kb/d.