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mr

quiz on oil production numbers

marianr in Oil (General)

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marianr    0

mr

Could somebody help me to better understanding? Numbers presented in IEAs Oil Market Report 14 nov, p 15 indicate that the World's largest crude producers (incl condensates), US, Russia och Saudi, each produced around 11 mbd in 2018. Table 3 on p 51 provides numbers on world oil production that comprises crude and condensates but also NGLs and oil from non-conventional sources. For Russia and Saudi the numbers roughly equal those on p 15, i.e. 11 mbd for each, but the number for the US is stated considerably higher, around 15.4 mbd. How could this be explained? Would NGLs and non-conventionals be so much more important in the US case, and if so, why?

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