قاطـــرة الطلــب العا٠لــي علــى النفــط - OAPEC

Organization of Arab Petroleum Exporting Countries2. Supply and DemandPreliminary estimates in October 2011 showworld oil demand remained unchanged from theprevious month level of 89.5 million b/d - a levelthat is 0.7% or 600 thousand b/d higher than ayear ago.Demand in OECD countries decreased by2.7% or 1.2 million b/d, from the previousmonth to 45.1 million b/d - a level that is 1.5%or 0.7 million b/d lower than a year ago, whileNon-OECD countries demand increased by2.8% or 1.2 million b/d from their previousmonth level to 44.4 million b/d representingan increase of 1.3 million b/d from their lastyear level.On the supply side, estimates show that worldoil supplies for October 2011 increased by 0.7%or 0.6 million b/d from the previous month levelsto 90 million b/d, a level that is 1.7 million b/d(1.9%) higher than a year ago.In October 2011, OPEC crude oil and NGLs/condensates total supplies increased by 0.3% or100 thousand b/d from the previous month levelsto 35.9 million b/d, a level that is 0.5 millionb/d higher than a year ago.Preliminary estimates show that Non-OPECsupplies increased by 500 thousand b/d or 0.9%to average 54.1 million b/d.Preliminary estimates of the supply anddemand for October 2011 reveal a surplus of0.5 million b/d compared to a deficit of 0.1million b/d in September 2011 and deficit of0.6 million b/d in October 2010 respectively, asshown in table (2) and figure (6):Table - 2World Supply and Demand(Million b/d)Oct.2011Sept2011Change fromSept 2011Oct.2010Change fromOct. 2010OECD Demand 45.1 46.3 1.2- 45.8 0.7-Rest of the World 44.4 43.2 1.2 43.2 1.3World Demand 89.5 89.2 0.0 88.9 0.6OPEC Supply: 35.9 35.8 0.1 35.4 0.5Crude Oil 29.7 29.6 0.1 29.7 0.0NGL’s & Cond. 6.2 6.2 0.0 5.7 0.5Non-Opec Supply 54.1 53.6 0.5 52.9 1.2Processing Gain 2.5 2.5 0.0 2.5 0.0World Supply 90.0 89.4 0.6 88.3 1.7Balance 0.5 0.1- 0.6-Source: Energy Intelligence Briefing October. 06, 2011.Volume 37 Issue 1210