Gulf Oil and Gas accountACCOUNT

World Oil Supply Forecast for 2013

Source: OPEC 11/1/2012, Location: Europe

Non-OPEC oil supply is forecast to increase by 0.89 mb/d in 2013 to average 53.89 mb/d, representing a downward revision of 0.20 mb/d from the previous month. Despite this adjustment, the growth in non-OPEC supply was revised down by 60 tb/d from the previous MOMR.

Changes to the 2012 supply forecast were carried over to 2013, hence, affecting the total non-OPEC supply figure. North America remains the area with the highest expected growth among all non-OPEC regions, supported by forecast growth in the US and Canada. The FSU is next in terms of growth, due to projected supply increases from Russia and Kazakhstan. OECD Western Europe’s supply is expected to experience the biggest decline in 2013 compared with other non- OPEC regions. On a quarterly basis, non-OPEC supply is expected to average 53.52 mb/d, 53.53 mb/d, 53.87 mb/d and 54.61 mb/d respectively.

Financials and Investment News in Austria >>

Brazil >>  8/15/2019 - MODEC, Inc. (MODEC) is pleased to announce that an affiliate of MODEC has issued a project bond in the international capital markets outside Japan to ...
Saudi Arabia >>  8/12/2019 - Saudi Aramco announced for the first time its half-year financial results. The Company’s net income was $46.9 billion for the first half 2019, compare...

Egypt >>  8/7/2019 - The Dubai Financial Services Authority (DFSA) signed a memorandum of understanding (MoU) with the Central Bank of Egypt (CBE) to enhance the relations...
Iran >>  8/6/2019 - A meeting was held to expand joint cooperation between Petropars Group and Bank Melli Iran at the presence of Engineer Hamid-Reza Masoudi. A meeting w...

Cameroon >>  7/30/2019 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa, is pleased to announce an extension of its Bridging Loan Facility ("...
Falkland Islands >>  7/30/2019 - Rockhopper Exploration plc (RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is plea...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Austria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.