Balance of Supply & Demand Forecast for 2011 – November 2011

Source: OPEC 11/14/2011, Location: Europe

Demand for OPEC crude for this year has been revised up by 0.1 mb/d from the previous assessment driven mainly by the downward revision in non-OPEC supply as demand remained unchanged. Within the quarters, the main upward adjustment occurred in 2H11 as 3Q and 4Q were revised up by 0.3 mb and 0.2 mb/d, respectively. At 30.0 mb/d, the demand for OPEC crude stood at 0.3 mb/d above 2010. 1Q and 2Q showed growth of 0.9 mb/d and 0.1 mb/d, respectively, while 3Q is estimated to see negative growth of 0.2 mb/d. 4Q is seen to show growth of 0.2 mb/d compared to the same period during the previous year.


Netherlands/Holland >>  7/1/2022 - Royal Boskalis Westminster N.V. (Boskalis) has taken note of the press release issued by HAL Holding N.V. (HAL) on 24 June 2022 in which it formally a...
Nigeria >>  7/1/2022 - Further to the Company's announcement on 3 May 2022, San Leon, the independent oil and gas production, development and exploration company focused on ...

United Kingdom >>  7/1/2022 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa , announces the following issue of warrants to Directors and a consul...
Bermuda >>  6/30/2022 - Borr Drilling Limited refers to its previous communication regarding its ongoing negotiations with creditors to reach mutual agreements to refinance a...

Cameroon >>  6/30/2022 - Victoria Oil & Gas Plc provides the following update in relation to its Annual Report and Accounts and trading position.

Annual Report and...

Canada >>  6/30/2022 - International Petroleum Corporation ("IPC" or the "Corporation") announces that the Swedish Financial Supervisory Authority approved the prospectus in...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.