STEO Table Browser : International Petroleum Supply, Consumption, and Inventories

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Date Published : December 9, 2008
Next Update : January 13, 2009

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Table 3a. International Petroleum Supply, Consumption, and Inventories Million Barrels per Day, Except OECD Commercial Stocks
	2004	2005	2006	2007	2008
Supply^a (million barrels per day)
OECD^b	22.81	21.88	21.59	21.46	20.87
U.S. (50 States)	8.70	8.32	8.33	8.46	8.50
Canada	3.14	3.09	3.29	3.42	3.36
Mexico	3.85	3.78	3.71	3.50	3.19
North Sea^c	5.63	5.18	4.78	4.54	4.24
Other OECD	1.50	1.51	1.48	1.53	1.58
Non-OECD	60.29	62.70	62.96	62.95	64.65
OPEC^d	34.45	36.09	35.83	35.42	36.84
Crude Oil Portion	30.47	31.78	31.34	30.90	32.18
Other Liquids	3.98	4.32	4.49	4.52	4.67
Former Soviet Union^e	11.34	11.77	12.15	12.60	12.60
China	3.66	3.78	3.84	3.90	3.95
Other Non-OECD	10.84	11.06	11.13	11.02	11.25
Total World Production	83.11	84.58	84.54	84.40	85.52

Non-OPEC Production	48.64	48.48	48.71	48.98	48.68
Consumption^f (million barrels per day)
OECD^b	49.44	49.83	49.58	49.13	47.66
U.S. (50 States)	20.73	20.80	20.69	20.68	19.48
U.S. Territories	0.35	0.34	0.35	0.32	0.29
Canada	2.31	2.34	2.30	2.36	2.35
Europe	15.52	15.67	15.68	15.30	15.16
Japan	5.32	5.32	5.20	5.01	4.91
Other OECD	5.21	5.35	5.36	5.46	5.48
Non-OECD	32.97	33.99	35.38	36.67	38.10
Former Soviet Union	4.04	4.08	4.21	4.28	4.41
Europe	0.74	0.76	0.78	0.79	0.80
China	6.44	6.72	7.20	7.58	8.00
Other Asia	8.37	8.52	8.66	8.78	8.92
Other Non-OECD	13.38	13.91	14.54	15.24	15.97
Total World Consumption	82.40	83.82	84.95	85.80	85.75
Inventory Net Withdrawals (million barrels per day)
U.S. (50 States)	-0.21	-0.14	-0.06	0.15	-0.08
Other OECD^b	0.03	-0.09	-0.20	0.06	0.04
Other Stock Draws and Balance	-0.52	-0.52	0.67	1.19	0.27
Total Stock Draw	-0.70	-0.76	0.41	1.40	0.23
End-of-period Inventories (million barrels)
U.S. Commercial Inventory	969	1013	1031	968	994
OECD Commercial Inventory^b	2532	2582	2665	2569	2588

^a	Supply includes production of crude oil (including lease condensates), natural gas plant liquids, other liquids, and refinery processing gains.
^b	OECD: Organization for Economic Cooperation and Development: Australia, Austria, Belgium, Canada, the Czech Republic, Denmark, Finland,
	France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal,
	Slovakia, South Korea, Spain, Sweden, Switzerland, Turkey, the United Kingdom, and the United States.
^c	Includes offshore supply from Denmark, Germany, the Netherlands, Norway, and the United Kingdom.
^d	OPEC: Organization of Petroleum Exporting Countries: Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, Venezuela.
^e	Former Soviet Union: Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine and Uzbekistan.
^f	Consumption of petroleum by the OECD countries is synonymous with "petroleum product supplied," which is defined in the glossary of the EIA Petroleum Supply Monthly, DOE/EIA-0109.
^g	Consumption of petroleum by the non-OECD countries is "apparent consumption," which includes internal consumption, refinery fuel and loss, and bunkering.

	- = no data available
	Notes: The approximate break between historical and forecast values is shown with historical data printed in bold; estimates and forecasts in italics.
	Historical data: Latest data available from Energy Information Administration databases supporting the International Petroleum Monthly; and International Energy Agency, Monthly Oil Data Service, latest monthly release.
	Minor discrepancies with published hstorical data are due to independent rounding.
	Projections: Generated by simulation of the EIA Regional Short-Term Energy Model.