Based on the first forecast for demand and non-OPEC supply (including OPEC NGLs and non conventional oil) for 2013, the demand for OPEC oil for next year is projected to decline for the second year running, by 0.3 mb/d to average 29.6 mb/d, The first quarter is expected to increase by 0.2 mb/d, while the following three quarters are projected to decline, with the bulk of the decrease in the fourth quarter, with a forecast drop of 0.7 mb/d.
China >> 5/21/2013 - China’s crude oil imports rose slightly in March by 10 tb/d or 0.2% to average 5.5 mb/d, while refineries registered lower crude runs. In an annual co...
Austria >> 5/20/2013 - According to preliminary data, US crude oil imports in April were almost stable compared with last month’s level, averaging 7.7 mb/d, though they lost...
Saudi Arabia >> 5/19/2013 - Saudi Arabia, Kuwait, and Venezuela reduced crude oil exports in March from the previous month while West African members of the Organization of Petro...
Australia >> 5/18/2013 - OECD Asia Pacific supply is foreseen to decline by 30 tb/d to average 0.50 mb/d in 2013, indicating a downward revision of 20 tb/d compared to the pre...
India >> 5/17/2013 - India’s crude oil imports dropped In March both on a monthly and on an annual basis. The drop is equal to 75 tb/d or 2% m-o-m, while y-o-y it saw a sl...
Libya >> 5/15/2013 - Oil exports from Libya's eastern port of Zueitina have been halted by protesters who stormed the terminal, forcing workers to leave their positions, t...
