Monday, March 14, 2011
The OPEC Monthly Oil Market Report came out on Friday. This is one of three publicly available estimates of global liquid fuel production, and in this case it's the earliest to give figures for February. As you can see in the graph above, the recent trend of pronounced increases in global oil production seems to have continued, notwithstanding the turmoil in the Middle East.
I will update my other graphs in a few days when the IEA data also comes out.