Oilwatch Monthly December 2009

Latest Developments:

1) Conventional crude production – Latest figures from the Energy Information Administration (EIA) show that crude oil production including lease condensates increased by 261,000 b/d from August to September 2009, resulting in total production of crude oil including lease condensates of 72.59 million b/d.

2) Total liquid fuels production – In November 2009, world production of all liquid fuels increased by 200,000 barrels per day compared to October according to the latest figures of the International Energy Agency (IEA), resulting in total world liquid fuels production of 85.94 million b/d. Liquids production for October 2009 was revised upwards in the IEA Oil Market Report of November from 85.61 to 85.74 million b/d. Average global liquid fuels production in 2009 through November was 84.86, versus 86.6 and 85.32 million b/d in 2008 and 2007.

http://europe.theoildrum.com/node/6058