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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (1419762)	9/23/2023 3:08:29 PM
From: Wharf Rat	1 Recommendation Recommended By pocotrader Respond to of 1577920

It takes a lot of fuel to fight a war. from May Non-OPEC and World Oil Production – Peak Oil Barrel The EIA reported Russia’s May C + C production dropped by 193 kb/d to 9,323 kb/d. This drop does not reflect the 368 kb/d significant reduction/revision made to Russian output in January 2018 shown in the chart. Using data from Argus Media, Russian production was estimated from April to August. For August, Argus reported that Russian production ofcrudewas 9,470 kb/d, blue markers. May production is available here.Using information from this S & P Globalarticle, Russian condensate production is close to 8% of crude production. Adding 8% to August crude results in C + C production of 10,228 kb/d, red markers. -- related OPEC Update, September 2023 – Peak Oil Barrel When the World was at its CTMA peak for C+C output in 2018, OPEC crude output was about 31300 kb/d and by August 2023 OPEC crude output had fallen to roughly 3851 kb/d below the CTMA peak in 2018. The OPEC 13 crude output in December 2022 and August 2023 are noted on the chart, with OPEC 13 crude output falling by 1470 kb/d in the past 8 months. In the Saudi Arabia chart below we find that output fell from December 2022 to August 2023 by 1507 kb/d so that the OPEC 13 cuts during 2023 mirror the Saudi cuts (with the Saudi cuts actually being 37 kb/d more than the cuts by the rest of OPEC combined.)