- Page 3 and 4: World Oil Outlook 2012 Organization
- Page 5 and 6: OPEC is a permanent, intergovernmen
- Page 7 and 8: Contents Foreword 1 Executive summa
- Page 9 and 10: Section Two Oil downstream outlook
- Page 11 and 12: Table 2.16 Growth in oil demand in
- Page 13: Figure 2.8 Increase in number of pa
- Page 17 and 18: Ongoing geopolitical tensions, cont
- Page 19 and 20: the downstream, there persists the
- Page 21 and 22: 5 Foreword
- Page 23 and 24: This year’s World Oil Outlook (WO
- Page 25 and 26: 6.1 re 6.6 India rate and raise the
- Page 27 and 28: Long-term to 2035, oil demand grows
- Page 29 and 30: 10 8 6 4 Incremental OPEC and non-O
- Page 31 and 32: all these elements in order to unde
- Page 33 and 34: 7 6 5 4 3 2 1 0 -1 tb/d 0 US & Addi
- Page 35 and 36: In the medium-term, the key factor
- Page 37 and 38: including the global producer-consu
- Page 39: Oil supply and demand outlook to 20
- Page 42 and 43: 26 $85-95/b to 2020, rising thereaf
- Page 44 and 45: 28 During the 2007/2008 oil price s
- Page 46 and 47: 30 again warranted. However, the cu
- Page 48 and 49: 32 Table 1.1 Real GDP growth assump
- Page 50 and 51: 34 1,500 1,000 Solids The second ma
- Page 52 and 53: 36 Long-term 3.0 economic growth De
- Page 54 and 55: 38 240 220 been born, signifying li
- Page 56 and 57: 40 Earlier WOOs have also emphasize
- Page 58 and 59: 42 Figure 1.7 Real GDP per capita i
- Page 60 and 61: 44 over the past decades, on the ba
- Page 62 and 63: 46 efficiency in marine bunkers use
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48 Figure 1.9 Natural gas: proven r
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50 One of the reasons for the shrin
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52 Figure 1.13 Figure 1.13 Increase
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54 Figure 1.16 Energy use per capit
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56 The medium-term oil demand outlo
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58 the longer term sees a steady de
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60 Figure 1.22$/b Average annual gl
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62 countries. The key to future dem
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64 realization that cellulosic biof
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66 Liquids supply in the long-term
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68 Figure 1.28 OPEC crude and other
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70 Figure 1.32 Non-OPEC liquids sup
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72 0 1970 1975 1980 1985 1990 1995
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Chapter 2 Oil demand by sector This
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2009 2035 Figure 2.3 Percentage sha
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Table 2.1 Vehicle and passenger car
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Figure 2.5 Passenger cars, 1970-200
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ons) 00 00 00 00 00 00 00 Table 2.2
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100 0 typically < 200 Figure 2.9 In
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eliability, global service network,
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into liquid form below its boiling
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200 100 0 Figure 2.10 shows that by
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lions) 000 000 000 000 000 000 000
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Table 2.9 Oil demand in rail and do
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Table 2.12 Growth in oil demand in
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industry. Total ‘industry’ oil
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Figure 2.15 Oil use in other indust
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China. Oil use in this sector in th
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Table 2.17 Oil demand in residentia
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Figure 2.20 Oil use in electricity
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Chapter 3 Liquids supply Chapter 1
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Non-OPEC Latin America’s producti
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coming years, with the OECD Europe
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What is interesting to note is that
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2.4 mb/d in 2016, a reduction of 0.
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mb/d .5 /d Figure 3.2 billion barre
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The long-term Reference Case projec
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In summary, global shale oil and ga
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(Table 3.6). Figure 3.4 emphasizes
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Chapter 4 Upstream challenges In lo
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However, the UN publishes not only
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Table 4.3 Oil demand in the HEG sce
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• In the case of biofuels, it is
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economies, which has led to fierce
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Technology will remain at the heart
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challenges before the industry in a
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141 Chapter 4
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Oil downstream outlook to 2035
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146 Table 5.1 Global product demand
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148 Some new major petrochemical pr
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150 will fully comply with the regu
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152 From the economic point of view
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5 hane/LPG phtha soline t/Kerosene
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156 Table 5.2 Refined product deman
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158 by 2.7% p.a. through to 2015, t
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LPG a e sene Diesel l fuel* roducts
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PG ene esel fuel* ducts** 162 Speci
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164 0 Figure 5.11 Figure 5.11 Outlo
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166 were required to ensure certain
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168 10 ppm 11-99 ppm 100-150 ppm 15
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170 Table 5.4 Expected regional on-
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172
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174 already observed over the past
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176 approvals and endorsements give
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178 refinery in Fujairah; Oman is c
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180 is unclear, it is believed that
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182 the timing of the project is ci
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184 permanent closures. The effect
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186 Box figure 2 Figure 2 Estimated
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188 Returning to the ‘drama in th
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190 0 US & Canada Latin America Afr
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192 60 50 1980 Figure 6.6 1985 1990
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194 2 0 1990 In summary, current es
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196 - because the US crude oil logi
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198 As detailed in Box 6.2, viewed
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200 As a primary means to increase
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202 increase by (0.3 mb/d), while o
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204
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206 needed from refineries, even al
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208 demand growth and rising non-cr
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210 Figure 7.1 Figure 7.1 Global ga
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212 This long-term utilization leve
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214 may not necessarily mean low in
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216 Figure 7.4 Global capacity requ
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218 2010 2015 2020 2025 2030 2035 U
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220
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222 Figure 8.1 Figure 8.1 Cost of r
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224 billion US$(2011) 100 Direct in
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226
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228 Figure 9.1 Figure 9.1 Inter-reg
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230 0 2011 2015 2020 2025 2030 2035
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232 this report, the Keystone XL pr
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234 Coast. To the extent that eithe
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236 -25 US & Canada Latin America A
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238 US & Canada Latin America Figur
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240 Figure 9.9 NEW Figure 9.8 Net i
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242 advantages and high margins to
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244 great deal of effort goes into
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246 low-value refinery bottoms stre
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Footnotes
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250 21. OPEC Annual Statistical Bul
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Annex A
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API American Petroleum Institute AS
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OTC Over-the-counter OWEM OPEC’s
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OPEC World Energy Model (OWEM): def
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262 Antigua and Barbuda Guatemala A
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264 French Polynesia Solomon Island
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Annex C
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US & Canada United States of Americ
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Chad Sao Tome and Principe Comoros
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Asia-Pacific OECD Pacific Australia
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Major data sources
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Africa Oil & Gas Monitor American P
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International Oil Daily Internation
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World Health Organization Wood Mack