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Source: OPEC 7/22/2012, Location: Europe
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Demand for OPEC crude for 2012 has remained unchanged from the previous report. However, the second quarter has seen a downward revision of 0.1 mb/d, while the third quarter has been revised up by 0.1 mb/d. The first and fourth quarters remain unchanged from the previous assessment. The demand for OPEC crude stood at 29.9 mb/d in 2012, representing a decrease = of 0.1 mb/d from last year’s level. The first quarter is estimated to have declined by 0.7 mb/d from the same quarter last year; and the third quarter is projected to increase by 0.1 mb/d. The second and fourth quarters are estimated to remain unchanged from the same period last year.
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| US Oil Supply – May 2013 |
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Austria >> 5/22/2013 - US oil production is forecast to increase by 0.59 mb/d to average 10.63 mb/d in 2013, the highest growth among all non-OPEC countries. This strong gro...
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| China Oil Trade - April 2013 |
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China >> 5/21/2013 - China’s crude oil imports rose slightly in March by 10 tb/d or 0.2% to average 5.5 mb/d, while refineries registered lower crude runs. In an annual co...
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| US Oil Trade in April 2013 |
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Austria >> 5/20/2013 - According to preliminary data, US crude oil imports in April were almost stable compared with last month’s level, averaging 7.7 mb/d, though they lost...
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| Saudis Cut March Crude Exports |
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Saudi Arabia >> 5/19/2013 - Saudi Arabia, Kuwait, and Venezuela reduced crude oil exports in March from the previous month while West African members of the Organization of Petro...
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| Asia Pacific Oil Supply - May 2013 |
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Australia >> 5/18/2013 - OECD Asia Pacific supply is foreseen to decline by 30 tb/d to average 0.50 mb/d in 2013, indicating a downward revision of 20 tb/d compared to the pre...
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| India Oil Trade in April 2013 |
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India >> 5/17/2013 - India’s crude oil imports dropped In March both on a monthly and on an annual basis. The drop is equal to 75 tb/d or 2% m-o-m, while y-o-y it saw a sl...
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