Slides - IEA
Slides - IEA
Slides - IEA
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Global Oil Supply Rose by 200 kb/d in May<br />
non-OPEC crude supplies accounted for all of the increase<br />
mb/d<br />
4.5<br />
4.0<br />
3.5<br />
3.0<br />
2.5<br />
2.0<br />
1.5<br />
1.0<br />
0.5<br />
0.0<br />
-0.5<br />
OPEC and Non-OPEC Oil Supply<br />
Year-on-Year Change<br />
Feb 11 May 11 Aug 11 Nov 11 Feb 12 May 12<br />
OP EC Crude<br />
OPEC NGLs<br />
Non-OPEC<br />
Total Supply<br />
mb/d<br />
62<br />
60<br />
58<br />
56<br />
54<br />
52<br />
50<br />
OPEC and Non-OPEC Oil Supply<br />
Jan 11 Jul 11 Jan 12 Jul 12<br />
Non-OPEC<br />
OPEC Crude - RS<br />
OPEC NGLs<br />
mb/d<br />
32.0<br />
31.5<br />
31.0<br />
30.5<br />
30.0<br />
29.5<br />
29.0<br />
28.5<br />
28.0<br />
• Global oil supply increased by 0.2 mb/d to<br />
91.1mb/d in May<br />
• Non-OPEC supplies support the increase<br />
• Compared to a year ago, global oil production<br />
stood 4.2 mb/d higher<br />
• 70% of increase stemmed from higher output<br />
of OPEC crude and NGLs<br />
© OECD/<strong>IEA</strong> - 2012 7<br />
Source: <strong>IEA</strong> Oil Market Report
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