Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated to April 2020. Information from other sources such as the OPEC and country-specific sites is used to provide a short term outlook for future output and direction. Non-OPEC production dropped slowly from a high of 52,646 kb/d in December 2019 to 52,255 kb/d in March 2020. In April that changed when we saw the first big drop in output from the Non-OPEC countries. April output collapsed by 1,751 kb/d to 50,504 kb/d. Those drops are associated with the OPEC + Declaration of Cooperation (DOC) commitments made by Non-OPEC countries, CV-19 and the WTI price collapse. The projection to August (red square) was made using the August STEO report. It projects Non-OPEC production will drop to […]