Asia Pacific Oil Supply in December 2013

Source: OPEC 12/18/2013, Location: Not categorized

Total OECD Asia Pacific oil output is expected to decrease by 70 tb/d in 2013 to average 0.49 mb/d, unchanged from the previous month. On a quarterly basis, its supply in 2013 is seen to stand at 0.45 mb/d, 0.49 mb/d, 0.51 mb/d and 0.51 mb/d, respectively.

Australia’s oil supply is expected to decrease by 60 tb/d in 2013 to average 0.41 mb/d, no revision from the previous MOMR. During the first nine months, Australia’s supply averaged 0.41 mb/d, a decrease of 80 tb/d or more than 16% over the same period a year earlier. On a quarterly basis, Australian supply in 2013 is seen to average 0.37 mb/d, 0.41 mb/d, 0.43 mb/d and 0.44 mb/d, respectively.


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