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Source: OPEC 7/26/2012, Location: Europe
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Based on the first forecast for demand and non-OPEC supply (including OPEC NGLs and non conventional oil) for 2013, the demand for OPEC oil for next year is projected to decline for the second year running, by 0.3 mb/d to average 29.6 mb/d, The first quarter is expected to increase by 0.2 mb/d, while the following three quarters are projected to decline, with the bulk of the decrease in the fourth quarter, with a forecast drop of 0.7 mb/d.
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| Middle East Oil Supply - June 2013 |
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Syria >> 6/19/2013 - Middle East oil production is estimated to average 1.43 mb/d in 2013, a decrease of 70 tb/d from 2012 and indicating a downward revision of 60 tb/d fr...
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| China Oil Trade - May 2013 |
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China >> 6/18/2013 - China’s crude oil imports increased in April by 189 tb/d, or 3.5%, from the previous month, to average 5.6 mb/d, despite lower refining levels. On an ...
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| Africa Oil Supply in June 2013 |
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Sudan >> 6/17/2013 - Africa’s oil supply is forecast to average 2.38 mb/d in 2013, an increase of 70 tb/d from 2012, flat from the previous MOMR. Despite the steady state,...
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| Japan Oil Trade in May 2013 |
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Japan >> 6/16/2013 - Japan crude oil imports saw a large decline in April by around 480 tb/d or 11% to average 3.7 mb/d. This decline was a fallback after the increase in ...
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| Caspian and China Oil Supply – May 2013 |
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Kazakhstan >> 6/12/2013 - Oil production from Kazakhstan is forecast to average 1.66 mb/d in 2013, an increase of 70 tb/d over the previous year, indicating a downward revision...
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| Crude Oil Price Movements - Jun 13 |
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Austria >> 6/11/2013 - OPEC Reference Basket
The OPEC Reference Basket (ORB) slipped only marginally in May to average
$100.65/b. Hopes for stronger global econ...
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