chapter two - OAPEC

1-1 Non-OPEC Supplies
Non-OPEC oil supplies totalled 51 million b/d in 2009, a level that is
500,000 b/d higher than a year ago, compared to non- increase in 2008, as
shown in Table (1-1).
It is noteworthy that the bulk of the increase in Non-OPEC oil
supplies, which was aimed at preserving production despite the traditional
decline experienced by some groups, came from the United States, which
increased production by less than 500,000 b/d in 2009 compared with 2008.
Brazil’s production rose by 150,000 b/d and Former Soviet Union
supplies increased by 360,000 b /d.
In contrast OECD oil supplies declined by about 50,000 b/d to 19.5
million b/d in 2009, while that of developing countries rose by 150,000 b/d.
Figure (1-2) shows the annual change in oil supplies from OPEC and
non-OPEC producers in 2005-2009.
Figure 1-2
Annual Change in World Supplies of Crude Oil and NGL’s, 2005-2009
(million b/d)
2. World Oil Demand
For the first time since the early 1980’s, year 2009 witnessed a
continued decline in global oil demand for the second successive year due
to the negative consequences of global financial crisis on the global
economy. This highlighted the close link between world economic growth