Balance of Supply and Demand - Apr 07

Source: OPEC_RP070405 4/16/2007, Location: Europe

Estimate for 2006
The demand for OPEC crude in 2006 is estimated to average 30.4 mb/d. On a quarterly basis, the estimate shows that demand for OPEC crude was 31.3 mb/d, 29.6 mb/d, 30.1 mb/d and 30.7 mb/d respectively. According to secondary sources, total OPEC crude capacity was 34.8 mb/d at theend of 2006, up from 33.8 mb/d at the end of 2005.

Forecast for 2007
The demand for OPEC crude in 2007 is expected to average 30.28 mb/d, around 0.14 mb/d less than the 2006 figure. On a quarterly basis, the forecast shows that demand for OPEC crude is expected at 30.93 mb/d, 29.32 mb/d, 30.38 mb/d and 30.50 mb/d respectively. The balance for the first quarter 2007 currently stands at around minus 0.9 mb/d.


Canada >>  6/27/2022 - Imperial Oil Limited (IMO) announced that it has received final acceptance from the Toronto Stock Exchange (TSX) for a normal course issuer bid (NCIB)...
China >>  6/27/2022 - Ncondezi Energy Limited ("Ncondezi") (NCCL) is pleased to announce its audited final results for the year ended 31 December 2021.

...


France >>  6/27/2022 - As part of its remuneration policy, Bureau Veritas grants options to subscribe or to purchase shares (“Options”) and Performance shares (“Shares”) to ...
Greece >>  6/27/2022 - Seanergy Maritime Holdings Corp. announced that the application of United Maritime Corporation (“United”) to list its common shares on the Nasdaq Capi...

Iraq >>  6/27/2022 - All payments from the Kurdistan Regional Government ('KRG') for oil sales in March 2022 have now been received, according to a statement from Genel En...
Nigeria >>  6/27/2022 - LEKOIL, the Cayman Islands litigation asset company with an investment in oil & gas assets in Nigeria, provides the following update in respect of the...

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.