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chapter two - OAPEC

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Contents<br />

CONTENTS<br />

PREFACE ................................................................................................................<br />

PART ONE<br />

INTERNATIONAL DEVELOPMENTS<br />

IN OIL AND ENERGY<br />

CHAPTER ONE: DEVELOPMENTS IN GLOBAL MARKETS AND THEIR<br />

IMPACT ON <strong>OAPEC</strong> MEMBER COUNTRIES<br />

Foreword…… ….…..………………………………………...….……………………<br />

3<br />

I. Major Developments in the World Oil Market in 2009And Related<br />

Factors …………………………………………………………………….…… 4<br />

1. Supplies………………..…………………….……………..……………….. 4<br />

1-1 OPEC Supplies………….…………………………………………. 5<br />

1-2 Non-OPEC Supplies……………..………………………………….. 7<br />

2. World Oil Demand…………………..………………………...………….. 7<br />

2-1 OECD Countries…………………….…………………………..…… .….<br />

11<br />

2-2 Developing Countries…………………..…..…..………………….….... 12<br />

2-3 Countries in Transition……………………...……………………… 13<br />

3. Price Trends …...….……..……...…..…..………….…..….…………….<br />

13<br />

3-1 Crude Oil Prices…………………………………………………… 13<br />

3-2 Spot Prices for Oil Products………………………………...……… 17<br />

3-3 Oil Freight Prices………………………..…………………...……… 19<br />

4. World Oil Inventories………………………………………………… 20<br />

4.1 World Commercial Stocks……………………………………...…… 20<br />

4.2 US Strategic Petroleum Reserve………………...………………...… 20<br />

II. Value of <strong>OAPEC</strong> Member Countries Petroleum<br />

Exports……………………………………………………………...……. 21<br />

III. Developments in Oil and Energy Consumption in the Arab<br />

Countries .……..….….……………………………………………………....…<br />

22<br />

1. Arab Countries……..………………….. ………………….….…..………<br />

22<br />

1-1 Total and Per Capita Energy Consumption…….. …….…...............… 23<br />

1-2 Energy Consumption by Source…….……............…. .…….…….……<br />

25<br />

2. Total Energy Consumption in <strong>OAPEC</strong> Member Countries.. .………<br />

31<br />

2-1 Total and Per Capita Energy Consumption……………………….. 31<br />

2-2 Energy Consumption by Source…………………….……………… 32<br />

3. Local Prices………………………………………………….……………... 36

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