Some selected charts from OPEC’s Monthly Oil Market Report….

November 13, 2018 by Jim Colburn Leave a Comment

OPEC’s Monthly Oil Market Report, here, was released this morning… Here are some interesting charts taken from it:

This is the well reported story of non-OPEC production growth in chart form…

At the end of October, the US’s EIA revised oil production in August by almost 400,000 bpd!

Note that the Permian is up almost 1 million bpd, estimated, in 2018 (we’ll give this 2 !!)…

Russia’s liquids suppply in a picture… It may be difficult for OPEC to get them to cut back…

Note the UAE’s sharp increase… Venezuela continues to decline… Libya is over a million two moths in a row:

The call on OPEC oil for 2019 is 31.5, current production is 32.9…

Prices have responded (barchart.com):

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