The March 2008 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.65 MB, 21 pp).

Figure 1 - World Liquids Fuel Production January 2002 - March 2008

A summary and latest graphics below the fold.

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Latest Developments:

1) Total liquids In March world production of total liquids decreased by 100,000 barrels per day from February according to the latest figures of the International Energy Agency (IEA). Resulting in total world liquids production of 87.34 million b/d, which is the all time maximum liquids production. Average global production in 2007 was 85.41 million b/d according to the IEA. In the first three months of 2008 an average of 87.34 million b/d was produced. The EIA in their International Petroleum Monthly puts the average global 2007 production at 84.60 million b/d and January 2008 production at 85.80 million b/d.

2) Conventional crude - Latest available figures from the Energy Information Administration (EIA) show that crude oil production including lease condensates increased by 194,000 b/d from December 2007 to January 2008. Total production in January broke a new all time high production record at 74.47 million b/d, 168,000 b/d higher than the previous all time high crude oil production of 74.30 million b/d reached in May 2005.

A selection of charts from this edition:

Figure 2 - World Crude Oil Production January 2002 - January 2008

Figure 3 - Non-OPEC Liquids Fuel Production January 2002 - March 2008

Figure 4 - OPEC Liquids Fuel & Crude Oil Production January 2002 - March 2008

Figure 5 - Saudi Arabia Liquids Fuel & Crude Oil Production January 2002 - March 2008

Figure 6 - Iraq Liquids Fuel & Crude Oil Production January 2002 - March 2008

Figure 7 - Russia Liquids Fuel & Crude Oil Production January 2002 - March 2008

Figure 8 - Kazakhstan Liquids Fuel & Crude Oil Production January 2002 - March 2008

Figure 9 - Azerbaijan Liquids Fuel & Crude Oil Production January 2002 - March 2008

Figure 10 - Nigeria Liquids Fuel & Crude Oil Production January 2002 - March 2008

Figure 11 - China Liquids Fuel & Crude Oil Production January 2002 - March 2008

Figure 12 - Canada Liquids Fuel & Crude Oil Production January 2002 - March 2008

Figure 13 - Mexico Liquids Fuel & Crude Oil Production January 2002 - March 2008

Figure 14 - Brazil Liquids Fuel & Crude Oil Production January 2002 - March 2008