Statistics Norway

Oil and gas, international markets

9   World oil supply and demand. Million barrels per day
  2003 2004 2005* 2006* 2007* 2005* 2006* 2007*
  Q 1 Q 2 Q 3* Q 4* Q 1* Q 2* Q 3* Q 4* Q 1* Q 2* Q 3* Q 4*
Total demand1 79.3 r82,5 r83,6 r84,8 86.4 84.6 82.4 83.2 84.1 84.9 83.1 84.8 86.3 86.7 84.9 86.2 87.8
OECD 48.6 r49,3 49.5 r49,6 50.0 50.6 48.5 49.1 49.9 50.2 47.9 49.6 50.7 50.7 48.8 49.8 50.8
North America 24.5 25.3 25.5 25.6 26.0 25.6 25.3 25.5 25.4 25.1 25.2 25.9 26.0 25.9 25.7 26.1 26.2
Europe 15.4 15.5 15.5 15.5 15.4 15.6 15.1 15.5 15.6 15.7 14.9 15.5 15.7 15.5 15.1 15.5 15.7
Pacific 8.6 8.5 8.6 8.6 8.6 9.4 8.1 8.1 8.8 9.3 7.8 8.3 9.0 9.3 8.0 8.1 8.9
Non OECD 30.7 r33,1 34.1 35.2 36.4 r34 r33,9 r34,1 34.2 34.6 r35,1 35.2 35.6 36.0 36.0 36.4 37.0
Former USSR2 3.6 3.8 3.8 3.9 3.9 3.8 3.7 r3,8 3.9 3.9 3.7 3.8 3.9 3.9 3.7 3.9 3.9
Europe 0.7 0.7 0.7 0.7 0.7 0.8 0.7 0.7 0.7 0.8 0.7 0.7 0.7 0.8 0.7 0.7 0.7
China3 5.6 6.5 6.6 7.1 7.4 6.6 6.5 6.7 6.8 6.8 7.1 7.1 7.1 7.2 7.3 7.5 7.4
Other Asia 8.1 8.6 8.8 8.9 9.1 8.9 8.9 8.7 8.7 8.9 9.0 8.8 8.9 9.1 9.1 9.0 9.1
Latin America 4.7 5.0 5.1 5.2 5.3 5.0 5.1 5.2 5.1 5.1 5.2 5.3 5.2 5.2 5.3 5.4 5.3
Middle East 5.4 5.8 r6,1 r6,5 6.8 6.0 r6,1 6.3 6.1 6.4 r6,4 6.7 6.5 6.7 6.7 7.0 6.8
Africa 2.7 2.8 2.9 3.0 3.0 2.9 2.9 2.8 2.9 3.0 3.0 2.9 3.0 3.1 3.1 2.9 3.0
Total supply4 79.8 83.2 r84,5 ..   r84,1 r84,8 r84,4 r84,6 85.2 85.0 .. ..        
Total non-OPEC 49.1 50.1 50.2 51.1 53.0 50.4 50.6 49.9 50.1 50.7 50.5 51.0 52.1 52.7 52.6 52.9 53.7
OECD 21.6 21.2 20.3 20.1 20.5 20.9 20.9 19.7 19.7 20.2 19.9 19.8 20.4 20.7 20.4 20.2 20.6
North America 14.6 14.6 14.1 14.2 14.5 14.4 14.6 13.7 13.6 14.2 14.2 14.0 14.2 14.5 14.4 14.3 14.5
Europe 6.3 6.1 5.6 5.4 5.4 5.9 5.7 5.4 5.5 5.5 5.2 5.2 5.5 5.6 5.3 5.2 5.4
Pacific 0.7 0.6 0.6 0.5 6.0 0.5 0.6 0.6 0.6 0.5 0.5 0.6 0.6 0.6 0.6 0.6 0.6
Non OECD 25.6 27.0 28.0 r29 30.3 27.5 27.7 28.2 28.5 r28,4 r28,6 29.2 29.7 29.8 30.0 30.5 30.9
Former USSR 10.3 11.2 11.6 12.1 12.6 11.5 11.5 11.6 11.9 11.7 12.1 12.2 12.4 12.4 12.5 12.7 12.8
Europe 0.2 0.2 0.2 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1
China 3.4 3.5 3.6 3.7 3.7 3.6 3.6 3.6 3.6 3.7 3.7 3.7 3.7 3.8 3.7 3.8 3.7
Other Asia 2.6 2.7 2.7 2.7 2.8 2.7 2.6 2.7 2.7 2.7 2.7 2.7 2.7 2.8 2.8 2.8 2.8
Latin America 4.0 4.1 4.3 4.5 4.8 4.2 4.4 4.3 4.3 4.4 4.4 4.5 4.7 4.7 4.7 4.7 5.0
Middle East 2.0 1.9 1.9 1.8 1.7 1.9 1.9 1.9 1.8 1.8 1.8 1.8 1.7 1.7 1.7 1.7 1.7
Africa 3.0 3.4 3.7 4.0 4.6 3.5 3.6 3.8 3.9 4.0 3.9 4.1 4.2 4.4 4.5 4.7 4.8
Processing Gains5 1.8 1.8 1.9 1.9   1.9 1.9 1.8 1.9 1.9 1.9 1.9 1.9        
OPEC 30.8 33.1 34.2 .. .. 33.7 34.2 34.5 34.5 34.5 34.4 .. ..        
Crude oil 27.1 28.9 29.8 ..   29.3 29.8 30.0 29.9 29.9 29.7 .. ..        
NGLs 3.7 4.2 4.5 5.1   4.4 4.4 4.5 4.5 4.6 4.7 5.2 5.3        
STOCK CHANGE AND MISCELLANEOUS6 0.5 0.7 0.9 ..   -0.5 2.3 0.5 -0.1 0.2 1.9 .. ..        
1  Deliveries from refineries plus international marine bunkers, refinery fuel and crude for direct burning. Includes oil from non-conventional sources and other sources of supply.
2  Figures for former USSR are derived from offical production figures and quarterly trade data.
3  Annual Chinese demand is estimated from production and (adjusted) trade; quarterly figures represent estimates of domestic oil deliveries.
4  Comprises crude oil, condensates, NGLs, oil from non-conventional sources and other sources of supply.
5  Net of volumetric gains and losses in refining process (excludes net gain/loss in former USSR, China and non-OECD Europe).
6  Includes changes in non-reported stocks and crude ocean losses.
Source: IEA Monthly Oil Market Report.
More information:  http://www.ssb.no/english/subjects/10/06/20/ .

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