Wednesday 31 July 2013

OPEC Annual Statistical Bulletin 2013

The OPEC Secretariat has released the online edition of its 2013 Annual Statistical Bulletin (ASB).

The bulletin provides detailed time-series data on many different aspects of the global petroleum industry. It focuses on imports and exports, as well as exploration, production and transportation activities. it also includes data on oil and natural gas activities in each of OPEC’s 12 Member Countries: Algeria, Angola, Ecuador, the Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.

It showed World oil demand rose by 0.9% in 2012, with the largest increases taking place in emerging economies, as in 2011. The main increases took place in the Middle East, Asia and Pacific countries (particularly China, Japan and India), as well as in Latin America (particularly Brazil).
In 2012, world crude oil production increased by 3.4% over 2011, with the bulk of the increases coming from North America, Africa and the Middle East.

Crude oil production in OPEC Member Countries was up 7.6% to 32.4 mb/d in 2012. Their overall share of total global crude production at the end of 2012 stood at 44.5%, slightly above the 2011 share of 42.7%.
Total Organisation for Economic Co-operation and Development (OECD) oil demand decreased by 1.1% in 2012, while oil demand in OPEC Member Countries increased by 3.9% during 2012, year-on-year.

See full report: OPEC Annual Statistical Bulletin 2013

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