قاطـــرة الطلــب العا٠لــي علــى النفــط - OAPEC

Organization of Arab Petroleum Exporting CountriesKey IndicatorsPetroleum Developments in the World Market and Member Countries*✍In October 2011, the OPECReference basket decreasedby 1.2% or $1.3/bbl to stand at$106.3/bbl.World Oil Demand in Octoberremained unchanged from itsprevious month level of 89.5million b/d.World oil supplies in October2011, increased by 0.7% or 0.6million b/d from the previousmonth level to 90.0 million b/d.US crude oil imports inSeptember 2011 decreasedby.0.401 million b/d from previousmonth level to 8.8 million b/d, USproduct imports also decreasedby 63 thousand b/d to 2.0 millionb/d.OECD commercial inventoriesin September 2011 decreased by21 million barrels from previousmonth level to 2651 million b/d.Strategic inventories in OECD-30, South Africa and China alsodecreased by 1 million barrels to1767 million barrels.The average spot price ofnatural gas at the Henry Hubwent down in October 2011 by7.7% to stand at $3.6/millionBTU.The Price of Chinese LNGimports was up in September2011by $1.1 to $10.6/m BTU, incontrast the Price of Japaneseand Korean LNG imports wasdown by $0.3 in Japan to $16.3/million BTU and by $0.2 to $13.8/million BTU in Korea.Arab LNG exports to Japan,Korea and China were about3.934 million tons in September2011 (a share of 34.1% of totalimports).✍✍✍✍✍✍✍1. Oil Market1. Prices1-1Crude Oil PricesIn October 2011, weekly average prices of OPEC basketfluctuated between $100.6/bbl during the first week of themonth to $109.1/bbl in the last week of the month, as shown infigure 1:Figure - 1Weekly Average Spot Price of the OPEC Basket of Crudes 2010 - 2011($/bbl)Oct.2010Nov. Dec. Jan. Feb. Mar. Apr. May. June July Aug. Sep.2011In October 2011, OPEC Reference Basket had reversedcourse following developments in equity markets on hopes fora solution to the European debt crisis and supportive economicdata in the US and China. In monthly basis, OPEC ReferenceBasket averaged $106.3/bbl, representing a decline of $1.3 or1.2% comparing with previous month and an increase of $26.4/bbl or 33% over the same period of previous year.Table (1) and figure (2) show the change in the price of theOPEC basket versus last month and the corresponding monthof last year :Tables (1) to (3) in the annex show spot prices for OPECbasket and other crudes for the period 2010-2011.Oct.Volume 37 Issue 126