Slides - IEA
Slides - IEA
Slides - IEA
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Tale of Two Markets Persist<br />
While OECD refiners struggle, non-OECD booms ahead<br />
mb/d<br />
42.0<br />
40.0<br />
38.0<br />
36.0<br />
34.0<br />
32.0<br />
OECD vs. Non-OECD Crude Runs<br />
30.0<br />
1Q2004 1Q2006 1Q2008 1Q2010 1Q2012<br />
OECD<br />
Non-OECD<br />
• OECD refiners struggle with<br />
structural decline in demand and<br />
poor economics<br />
• 3 mb/d of OECD capacity is<br />
shut or committed to shut<br />
since economic downturn<br />
• Non-OECD refiners, on the<br />
other hand, build, expand<br />
and able to run at higher<br />
rates<br />
mb/d<br />
41<br />
40<br />
39<br />
38<br />
37<br />
36<br />
35<br />
34<br />
OECD Total<br />
Crude Throughput<br />
Jan Mar May Jul Sep Nov Jan<br />
Range 07-11 Average 07-11<br />
2011 2012<br />
2012 est.<br />
mb/d<br />
40<br />
39<br />
38<br />
37<br />
36<br />
35<br />
34<br />
33<br />
Non-OECD Total<br />
Crude Throughput<br />
Jan Mar May Jul Sep Nov Jan<br />
Range 07-11 Average 07-11<br />
2010 2011<br />
2012 est.<br />
© OECD/<strong>IEA</strong> - 2012
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