Forecast for Balance of Supply and Demand for 2013– November 2012

Source: OPEC 11/18/2012, Location: Europe

The estimated demand for OPEC crude for 2013 has seen a downward adjustment of 0.1 mb/d from the previous report to stand at 29.7 mb/d, showing negative growth of 0.4 mb/d, compared with the previous year. Within the quarters, the first, third and fourth quarters saw downward revisions of 0.1 mb/d, while the second remained unchanged from the previous assessment. The first quarter is estimated to increase by 0.3 mb/d versus the same quarter last year. However, all the other quarters are expected to see negative growth, with the bulk of the decrease coming in the second quarter, falling by 0.7 mb/d. the third and fourth quarters are forecast to drop by 0.6 mb/d and 0.4 mb/d respectively.

Canada >>  1/17/2025 - Hydro One Limited (TSX: H), the largest electric transmission and distribution utility in Ontario, plans to release its fourth quarter financial resul...
Canada >>  1/17/2025 - PetroTal Corp. ("PetroTal") (TSX: TAL, AIM: PTAL and OTCQX: PTALF) announces the issuance of Common Shares to employees pursuant to its Performance Sh...
Canada >>  1/17/2025 - PetroTal Corp. ("PetroTal") (TSX: TAL, AIM: PTAL and OTCQX: PTALF), announces that, in accordance with the terms of its share buyback programme announ...
Canada >>  1/17/2025 - On November 4, 2024 Gran Tierra Energy Inc. ("Gran Tierra") announced a normal course issuer bid (the "NCIB") through the facilities of the Toronto St...
China >>  1/17/2025 - Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, announced th...
China >>  1/17/2025 - JinkoSolar Holding Co., Ltd. ("JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announc...
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 


More News

Oil & Gas Companies in Austria >>

Related Links

Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.