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Politics : Rat's Nest - Chronicles of Collapse

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From: Wharf Rat	12/23/2023 2:28:13 PM
	of 24206

OPEC Update, December 2023 – Peak Oil Barrel 12/20/2023 D Coyne The OPEC Monthly Oil Market Report (MOMR) for December 2023 was published recently. The last month reported in most of the OPEC charts that follow is November 2023 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In many of the OPEC charts that follow the blue line with markers is monthly output and the thin red line is the centered twelve month average (CTMA) output. OPEC crude output was 27837 kb/d in November, output for October 2023 was revised lower by 5 kb/d compared to last month’s report and September 2023 OPEC crude output was revised higher by 17 kb/d. There were also revisions in quarterly and and annual data from secondary sources compared to last month’s report. When the World was at its CTMA peak for C+C output in 2018, OPEC crude output was about 31300 kb/d and by November 2023 OPEC crude output had fallen to 3463 kb/d below the OPEC output at the World C+C CTMA peak in 2018. continues...

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