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Africa Oil Supply in December 2013

Source: OPEC 12/25/2013, Location: Africa

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Africa’s oil supply is predicted to average 2.41 mb/d in 2013, an increase of 0.11 mb/d from the previous year, remaining unchanged from the last MOMR. South Sudan and Sudan’s oil supply is forecast to increase by 0.11 mb/d in 2013 to average 0.23 mb/d, unchanged from the previous month. Supply forecasts for the other countries in the region remained more or less steady from the previous MOMR. During the first three quarters of this year, Africa’s supply increased by 80 tb/d compared with the same period in 2012. On a quarterly basis, supply in 2013 is seen to stand at 2.30 mb/d, 2.42 mb/d, 2.45 mb/d and 2.49 mb/d, respectively.

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