The Oil Drum: Updated Oil Supply Charts and Graphs

Herewith an update on the supply situation. I briefly touched on recent declines in Saudi Arabian production the other day. The global supply situation is as above. Essentially, the situation has not qualitatively changed since I last discussed it. The two agencies I track (the US EIA and the OECD IEA) are at increasing variance about what’s going on, with the EIA seeing supply basically flat over time, while the IEA sees a very slow rise in available supply (with data through October). For more background on this plateau debate, see this tutorial post. Presumably, this discrepancy will not continue too many more months, as it’s going to get a little embarrassing.
Much more after the jump to The Oil Drum.