Total petroleum deliveries, a measure of consumer demand, in December rose by 1.1 percent from December 2014 to average nearly 19.7 million barrels per day, according to API’s Monthly Statistical Report for December 2015. These were the highest December deliveries in five years.

Output from the Organization of Petroleum Exporting Countries rose by 230,100 barrels a day in November to 31.695 million a day, the highest since April 2012, as surging Iraqi volumes more than offset a slight pullback in Saudi Arabia. The organization is pumping about 900,000 barrels a day more than it anticipates will be needed next year.

Non-OPEC crude oil and other liquids production grows by 1.2 million barrels per day (b/d) in 2015, and then declines by 0.4 million b/d in 2016, which would be the first annual decline in non-OPEC production since 2008.

"The total petroleum production for the first ten months in 2015 is about 188.6 million Sm3 [standard cubic metres] oil equivalents (MSm3 o.e.), broken down as follows: about 74.9 MSm3 o.e. of oil, about 18.2 MSm3 o.e. of NGL and condensate and about 95.5 MSm3 o.e. of gas for sale. The total volume is 10.3 MSm3 o.e. higher than for the same period in 2014," the Norwegian Petroleum Directorate (NPD) wrote on Friday.

"Energy resources are plentiful. Concerns over running out of oil and gas have disappeared," Eyton said at the launch of BP's inaugural Technology Outlook.

Anadarko Petroleum Corporation (NYSE: APC) today announced its financial and operating results for the third quarter of 2015, including a net loss attributable to common stockholders of $2.235 billion, or $4.41 per share (diluted). These results include certain items typically excluded by the investment community in published estimates, which in aggregate decreased net income by $1.877 billion or $3.69 per share (diluted), on an after-tax basis. Net cash flow from operating activities in the third quarter of 2015 was $1.127 billion, and discretionary cash flow from operations totaled $979 million.

BP reported operating cash flow for 3Q 2015 was $5.2 billion bringing the total for the first nine months of the year to $13.3 billion. Organic capital expenditure over the nine month period was $13.2 billion. At the end of the quarter, net debt was $25.6 billion representing a gearing level of 20.0%, including approximately 1% arising from the agreements in principle to settle with the United States government and Gulf states.

BP and China Huadian Corporation (Huadian) today signed a sale and purchase agreement for BP to sell Huadian up to 1 million tonnes of liquefied natural gas (LNG) per year worth up to $10 billion over the next 20 years.

In an expansion of their ongoing global partnership, BP and China National Petroleum Corporation (CNPC) entered into a framework agreement on strategic cooperation covering potential shale gas exploration and production in the Sichuan Basin and future fuel retailing ventures in China and other international partnerships.

Norwegian petroleum and other liquids production, which had been declining since 2001, increased in 2014 and will likely continue increasing in 2015. The production growth in 2014 was mainly the result of new fields coming online, but also included a small increase in output from existing fields. Production has continued to grow in the first half of 2015 and is expected to remain relatively stable over the next few years as growth from new fields balances declines from older fields.