25 Jul '11, 8am
World Oil Supplies as Reported in EIA’s most recent International Energy Statistics
DISCLAIMER: The author holds no positions in the oil/energy market that may be affected by the content of this post. This post is mainly an update based on World Oil Supplies as Reported in EIA’s most recent International Energy Statistics . The world is split into four economic groups to describe supply developments as follows: OECD, Russia, OPEC and Rest of World (ROW; Rest of World = World - (OECD + Russia + OPEC)). Figure 01: The stacked columns in the diagram above show development in global supplies of crude oil and condensate, refinery gain, natural gas liquids (NGL) and other liquid energy from January 2001 through April 2011. The development in the average monthly oil price is plotted on the left hand y-axis. NOTE: Diagrams based upon EIA data may be subject to future revisions. NOTE: Scaling varies from chart to chart and some charts are not zero scaled. Labels i...