Crude oil production

Sluggish crude oil production growth in 2016 (0.8%) amid low price environment

Breakdown by country (Mt)

World

-3.2%

First drop in US crude oil production since 2008.

Sluggish crude oil production growth in 2016 (0.8%) amid low price environment

World crude oil production increased slowly because of low international oil prices and several years of low capital investments in the upstream sector.
Crude oil production has been driven upward mainly by Middle East producers, of which Saudi Arabia accounted for most of the rise, and Russia that both rely on oil revenues to support their economic development.
Iran’s production jumped by an impressive 16% as a result of the lifting of international sanctions.
Conversely, low investment over the two past years in the USA impacted shale oil development, (which previously helped drive low international oil prices), has led to lower production levels. Oil production also dipped in China as well due to the oil price environment.
Venezuela’s crude oil output plunged to its lowest level since 2009 due to the domestic economic and social crisis, while Mexico's production has continued to fall and reached its lowest level since 1980.
Nigerian oil output dipped due to attacks on infrastructure within the country.

Global Energy Trends, 2017 edition

Based on its 2016 data for G20 countries, Enerdata analyses the trends in the world energy markets.

Download the publication

Global Energy & CO2 Data

Access to the most comprehensive and up-to-date database on energy supply, demand, prices and GHG emissions (186 countries).

Free trial

17
Nov

Court rejects cap on Groningen gas field production (Netherlands)

The highest court in the Netherlands has rejected the government plan to cap production at the Groningen gas field for the next five years and ordered a new decision within 12 months on how much gas can be extracted onsite, where drilling operations have triggered minor earthquakes. In the meanwhile, the Dutch Council of State (Raad van State) announced that the yearly output could be maintained at 21.6 bcm and would not be cut to 20.1 bcm/year.

16
Nov

CNPC completes building the Mohe-Daqing oil pipeline (Russia/China)

The Chinese company CNPC has completed the construction of a second string of a 940-km long crude oil pipeline spreading between Mohe (at the China-Russia border) and Daqing in the Heilongjiang province in China, thus paving the way for increased deliveries of Russian crude oil to the northeast China network starting from January 2018.

15
Nov

Enel commissions 300 MW Rock Creek wind park in Missouri (US)

Enel has commissioned the 300 MW Rock Creek wind park, located in Atchison County, in Missouri (United States), which raises Missouri's total installed wind capacity to nearly 1 GW. The plant is expected to generate around 1,250 GWh/year and to avoid the emission of 900 ktCO2/year. The power produced by the US$500m facility will be sold to Kansas City Power & Light (KCP&L) and KCP&L Greater Missouri Operations Company (GMO) under the framework of long-term power purchase agreements (PPAs).

13
Nov

Pakistan and Malaysia sign a LNG supply agreement

The governments of Pakistan and Malaysia have signed an intergovernmental agreement on LNG supply. The LNG supplies will be delivered to Pakistan and will be ensured by the Malaysian company Petronas, which was competing against Gazprom and managed to secure the deal. The Pakistani government has set up Pakistan LNG to secure LNG deals through open competitive biddings as well as through government-to-government arrangements.