In recent days, the
IEA and
OPEC have come out with January global liquid fuel production numbers. I updated my graphs accordingly. The above shows just the recovery since the trough in global production last summer. I think the last few months show some sign of a softening in the rate of increase, though it's too soon to say it's more than just noise. At any rate, the overall recovery trend is now 3 +/- 1 mbd/year.
Below is the data since 2002, with five month centered moving average, recursed once (and CPI adjusted oil price on the right scale).
Hi,
ReplyDeleteCan you pls provide the excel sheet for the above data?
Im having some difficulty replicating the graph. For example, i cant seem to find monthly data for non-opec IEA production.
Thanks for the help; and great post