قاطـــرة الطلــب العا٠لــي علــى النفــط - OAPEC

Organization of Arab Petroleum Exporting Countriesbarrels. Inventories at sea decreased by 2 millionbarrels to 915 million barrels, similarly Caribbeaninventories were down by 2 million barrels to 76million barrels.Commercial inventories in September 2011were down by 29 million barrels to 5307 millionbarrels – a level that is 151 million barrels lowerthan a year ago. Inventories covered 68.9 daysof forward consumption.Strategic inventories in OECD-30, SouthAfrica and China went down by 1 million bblsfrom the previous month to 1767 million barrels– a level that is 4 million barrels higher than ayear ago.Total world inventories, at the end of September2011 were at 7074 million barrels, representing adecrease of 30 million barrels from the previousmonth, and a decrease of 147 million barrelsfrom the same month a year ago.Usable commercial inventories decreasedby 30 million barrels to 1456 million barrels -covering 13.9 days of forward consumption.Table (9) in the annex and figure (7) showthe changes in global inventories prevailing atthe end of September 2011II. The Natural Gas Market1. Spot and Future Prices of Natural Gasin US marketThe average spot price of natural gas at theHenry Hub in October 2011 was down by 7.7%or $0.3/million British Thermal Units (BTU)compared with the previous month, to stand at$3.6/million BTU.The comparison, shown in table (4), betweennatural gas prices and those for the WTI crude andlow sulfur fuel oil reveal differential of $11.3/Figure - 7Changes in Global Inventories at the End of September. 2011(Million b/d)Change from July 2011 Change from August 2010OECDRest of theWorldOil at SeaCaribbeanStorageTotalCommercialTotalStrategicTotal13Volume 37 Issue 12