Slides - IEA
Slides - IEA
Slides - IEA
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Rebounding Demand in 2H12 Supports Growth<br />
Global oil demand growth rise to 1.1 mb/d in 2H12, compared to 0.5<br />
mb/d in 1H12 and 0.3 in 2H11<br />
mb/d<br />
3.5<br />
2.5<br />
1.5<br />
0.5<br />
-0.5<br />
-1.5<br />
-2.5<br />
Global Throughputs vs. Demand<br />
Annual growth<br />
-3.5<br />
1Q08 1Q09 1Q10 1Q11 1Q12<br />
North America Europe Pacific<br />
China Other Asia Middle East<br />
Crude Runs Oil Product Demand Latin America Other<br />
3.0<br />
2.0<br />
1.0<br />
0.0<br />
-1.0<br />
-2.0<br />
-3.0<br />
mb/d<br />
Global Crude Throughputs<br />
Annual Change<br />
• Since 2Q11 global refinery crude runs growth slows to only<br />
120 kb/d on average, as growth in oil product demand is eroded<br />
• 2Q12 and 3Q12 still sees modest growth in throughputs of 370<br />
kb/d annually.<br />
• 3Q12 growth in throughputs could be stronger than projected<br />
here, but demand also met by products bypassing refining system<br />
(NGLs, biofuels, GTLs and products from storage)<br />
• Throughput growth comes from China, Other Asia and in part from<br />
North America, on expanding capacity, robust demand and export<br />
opportunities<br />
© OECD/<strong>IEA</strong> - 2012<br />
Source: <strong>IEA</strong> Oil Market Report<br />
22
Change language