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2.Supply and DemandPreliminary estimates in November 2010 show world oil demand decreasing by 0.6% or 0.5 million b/d from theprevious month levels to 87.2 million b/d - a level that is 2.6% or 2.2 million b/d higher than a year ago.Demand in OECD countries decreased by 1.4% or 0.6 million b/d, from the previous month to 46.1 Million b/d- a level that is 0.9 million b/d higher than a year ago, Non-OECD countries demand increased by 0.3% or 100thousand b/d from their previous month level to 41.1 million b/d representing an increase of 1.4 million b/d fromtheir last year level.On the supply side, estimates show that world oil supplies for November 2010 were up by 0.1% or 100 thousandb/d from the previous month level to 88.4 million b/d , a level that is 1.7 million b/d (2%) higher than a yearago.In November 2010, OPEC crude oil and NGLs/condensates total supplies were down by 0.5 million b/d fromprevious month level to 34.9 million b/d, a level that is 100 thousand b/d higher than a year ago.Preliminary estimates show that Non-OPEC supplies increased by 0.6 million b/d or 1.2% to average 51.0 millionb/d.Preliminary estimates of the supply and demand for November 2010 reveal a surplus of 1.2 million b/dcompared to a surplus of 0.6 mb/d and 1.8 mb/d in November 2009 and October 2010 respectively, as shownin table -2 and figure - 6. Tables -7 and 8 in the annex show World Oil Demand and Supply for the period 2009-2010.Table - 2: World Supply and Demand (Million b/d)Nov.2010Oct.2010ChangefromOct.10Nov.2009ChangefromNov. 09OECD Demand 46.1 73 -0.6 45.2 0.9Rest of the World 41.1 41.0 0.1 39.7 1.4World Demand 87.2 87.7 - 0.5 84.9 2.2OPEC Supply: 34.9 35.4 - 0.5 35.0 - 0.1Crude Oil 29.1 29.7 - 0.6 29.5 - 0.4NGL’s & Cond. 5.8 5.7 0.1 5.5 0.3Non-Opec Supply 51.0 50.4 0.6 51.7 - 0.7Processing Gain 2.6 2.5 0.1 2.1 0.5World Supply 88.4 88.3 0.1 86.7 1.7Balance 1.2 0.6 1.8Source: Energy Intelligence Briefing December 07, 20109Volume 37 Issue 1