IEA Monthly World Oil Report showed Global oil supply rose by 200,000 bpd to 91.1 million bpd in May. Non-OPEC liquids increased by 0.2 mb/d to 53.1 mb/d and by 1.0 mb/d versus year ago. In 2012 rising North American supply more than offsets record-low North Sea output, as well as outages in the Sudans, Syria, and Yemen, taking non-OPEC supply growth to 0.7 mb/d.
The 91.1 million barrels per day includes crude oil and oil like liquids (natural gas liquids, ethanol etc...).
The EIA is showing a new peak in world crude oil production in January 2012 at 75.67 million barrels per day.
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks