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| Oil and gas, international markets |
| 12 | 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 | 82.4 | 83.6 | r84,5 | r85,9 | 84.5 | 82.4 | 83.3 | 84.1 | 84.8 | 83.0 | r83,9 | 86.3 | r86,4 | r84,4 | r85,4 | r87,6 | ||||||||||||||||||||||
| OECD | 48.6 | 49.3 | 49.6 | r49,4 | r49,7 | 50.7 | 48.6 | 49.2 | 50.0 | 50.1 | 48.0 | r48,8 | 50.6 | r50,5 | r48,3 | r49,4 | r50,6 | ||||||||||||||||||||||
| North America | 24.5 | 25.4 | 25.5 | r25,4 | r25,8 | 25.6 | 25.3 | 25.6 | 25.5 | 25.1 | 25.1 | r25,5 | 26.0 | r25,7 | r25,4 | r25,9 | 26.1 | ||||||||||||||||||||||
| Europe | 15.4 | 15.5 | 15.5 | 15.5 | 15.5 | 15.6 | 15.2 | 15.6 | 15.7 | 15.7 | r15,1 | 15.4 | 15.7 | 15.6 | 15.1 | 15.5 | 15.7 | ||||||||||||||||||||||
| Pacific | 8.6 | 8.5 | 8.6 | 8.5 | 8.5 | 9.4 | 8.1 | 8.1 | 8.8 | 9.3 | 7.9 | r7,9 | 8.9 | 9.2 | r7,8 | 8.0 | 8.8 | ||||||||||||||||||||||
| Non OECD | 30.7 | 33.1 | 34.0 | 35.1 | r36,2 | 33.9 | 33.9 | 34.1 | 34.1 | 34.6 | 35.0 | r35 | 35.7 | 35.9 | 36.1 | r36 | 37.0 | ||||||||||||||||||||||
| Former USSR2 | 3.6 | 3.8 | 3.8 | 3.9 | 3.9 | 3.7 | 3.8 | 3.9 | 3.8 | 3.9 | 3.7 | 3.9 | r4,1 | 4.0 | 3.7 | 3.9 | r4,1 | ||||||||||||||||||||||
| 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 | 6.4 | 6.6 | 7.0 | 7.4 | 6.6 | 6.4 | 6.6 | 6.8 | 6.8 | 7.1 | 7.0 | r7,3 | 7.2 | 7.4 | 7.4 | 7.6 | ||||||||||||||||||||||
| Other Asia | 8.1 | 8.6 | 8.8 | 8.9 | 9.1 | 8.9 | 8.9 | 8.6 | 8.7 | 8.9 | 8.9 | 8.7 | 8.9 | 9.1 | 9.1 | 8.9 | 9.2 | ||||||||||||||||||||||
| 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 | 6.1 | 6.5 | 6.8 | 6.0 | 6.1 | 6.4 | 6.0 | 6.3 | 6.4 | 6.7 | 6.4 | 6.7 | 6.8 | r6,8 | 6.9 | ||||||||||||||||||||||
| Africa | 2.7 | 2.8 | 2.9 | 2.9 | 3.0 | 2.9 | 2.9 | 2.8 | 2.9 | 3.0 | 3.0 | 2.9 | 3.0 | 3.0 | 3.0 | 2.9 | 3.0 | ||||||||||||||||||||||
| Total supply4 | 79.8 | 83.2 | 84.5 | .. | .. | 84.2 | 84.4 | 84.3 | 84.7 | 85.2 | 85.0 | 85.6 | .. | .. | .. | .. | .. | ||||||||||||||||||||||
| Total non-OPEC | 49.1 | 50.1 | 50.3 | 51.0 | r52,7 | 50.5 | 50.6 | 49.8 | r50,3 | 50.7 | 50.5 | 50.9 | r51,7 | 52.7 | r52,3 | r52,6 | r53,3 | ||||||||||||||||||||||
| OECD | 21.6 | 21.2 | 20.3 | 20.1 | 20.4 | 20.9 | 20.9 | 19.7 | 19.8 | 20.2 | 19.8 | 19.9 | 20.4 | 20.8 | 20.3 | 20.1 | 20.5 | ||||||||||||||||||||||
| North America | 14.6 | 14.6 | 14.1 | 14.3 | 14.5 | 14.5 | 14.7 | 13.7 | r13,8 | 14.1 | 14.2 | r14,3 | r14,5 | r14,7 | 14.4 | 14.3 | 14.4 | ||||||||||||||||||||||
| Europe | 6.3 | 6.1 | 5.6 | 5.2 | 5.3 | 5.9 | 5.7 | 5.4 | 5.5 | 5.5 | 5.1 | r5,0 | r5,3 | 5.5 | 5.2 | 5.1 | 5.4 | ||||||||||||||||||||||
| Pacific | 0.7 | 0.6 | 0.6 | 0.6 | 0.7 | 0.5 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | ||||||||||||||||||||||
| Non OECD | 25.6 | 27.0 | 28.0 | r28,8 | r30,0 | 27.5 | 27.7 | 28.2 | 28.5 | 28.4 | 28.6 | r29,0 | r29,2 | r29,6 | r29,8 | r30,2 | r30,6 | ||||||||||||||||||||||
| Former USSR | 10.3 | 11.2 | 11.6 | 12.0 | 12.6 | 11.5 | 11.5 | 11.7 | 11.9 | 11.7 | 12.0 | 12.2 | r12,2 | 12.4 | 12.5 | 12.6 | 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 | 3.7 | 3.7 | 3.7 | 3.7 | ||||||||||||||||||||||
| Other Asia | 2.6 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 | 2.6 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 | 2.8 | ||||||||||||||||||||||
| Latin America | 4.0 | 4.1 | 4.3 | 4.4 | 4.7 | 4.2 | 4.4 | 4.3 | 4.3 | 4.4 | 4.4 | 4.4 | 4.6 | 4.6 | 4.6 | 4.7 | r4,8 | ||||||||||||||||||||||
| Middle East | 2.0 | 1.9 | 1.9 | 1.7 | 1.7 | 1.9 | 1.9 | 1.9 | 1.8 | 1.8 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | ||||||||||||||||||||||
| Africa | 3.0 | 3.4 | 3.7 | 4.0 | 4.5 | 3.5 | 3.6 | 3.8 | 3.9 | 4.0 | 3.9 | 4.1 | 4.2 | 4.3 | 4.4 | 4.6 | 4.8 | ||||||||||||||||||||||
| Processing Gains5 | 1.8 | 1.8 | 1.9 | 1.9 | 1.9 | 1.9 | 1.9 | 1.8 | 1.9 | 1.9 | 1.9 | 1.9 | 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 | 34.7 | .. | .. | .. | .. | .. | ||||||||||||||||||||||
| Crude oil | 27.1 | 28.9 | 29.8 | .. | .. | 29.3 | 29.8 | 30.0 | 29.9 | 29.9 | 29.8 | 30.0 | .. | .. | .. | .. | .. | ||||||||||||||||||||||
| NGLs | 3.7 | 4.2 | 4.5 | r4,7 | 4.9 | 4.4 | 4.4 | 4.5 | 4.5 | 4.6 | 4.7 | r4,7 | r4,7 | 4.8 | 4.8 | 4.9 | 5.0 | ||||||||||||||||||||||
| STOCK CHANGE AND MISCELLANEOUS6 | 0.6 | 0.8 | 0.9 | .. | .. | -0.4 | 2.4 | 1.0 | 0.6 | 0.4 | 1.9 | 1.8 | .. | .. | .. | .. | .. | ||||||||||||||||||||||
| 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/ . | |