Pessimists at EIA Strike Back

The Oil Drum – The EIA’s International Petroleum Monthly came out on Monday, but I was out of town so didn’t get to updating the plateau graphs until tonight (I build them in part out of the EIA’s table 1.4, and in part from the IEA’s monthly Oil Market Reports). You’ll recall that last time the IEA’s optimism about March, and even more heady optimism about April, was causing the moving average graph to lean up a little in the plateau.

The EIA is less excited about March – only around 84.0mbpd, down 400kbpd from February. This also casts doubt on the IEA’s April figure, I think, but we’ll see in a few days.
The Oil Drum