Oil Production and Operat

2014
Oil production (million barrels a day)
Operating cost (U.S. dollars a barrel)

Million Barrels per Day

Created by Ivan Kolesnikov with knoema.com

nd Operating Costs
2014

million barrels a day)

U.S. dollars a barrel)

olesnikov with knoema.com

45
12
40
10
35
8
30
25
6
20
4
15
10
2
5
0
US$ per Barrel

Evolution of Break-Even Prices an

(US$ per Barrel)
Break-even price

Oil price (APSP)

120
100
80
60
US$ per Barrel

40
20
0

Created by Ivan Kolesnikov with knoema.com

n Prices and Current Prices

per Barrel)
Oil price (APSP)

olesnikov with knoema.com

OPEC and Non-OPEC Oil Productio

600
500
400
300
Million Barrels per Day

200
100
0

Non-OPEC production (mbd)

Non-OPEC investment (billions of U.S. dollars)

OPEC produc
OPEC investm

Created by Ivan Kolesnikov with knoema.com

Production and Investment

140
120
100
80
60
40
20
0

OPEC production (mbd)

OPEC investment (billions of U.S. dollars)

olesnikov with knoema.com

Billion US$