Section 11. International petroleum

Monthly Energy Review, July, 2006

Crude Oil Production. World crude oil production during April 2006 was 74 million barrels per day, up 0.1 million barrels per day from the level in the previous month.

Organization of the Petroleum Exporting Countries (OPEC) production during April 2006 averaged 31 million barrels per day, up slightly from the level in the previous month. During April 2006, production increased in Libya by 10 thousand barrels per day compared with the previous month. Production decreased in Indonesia by 8 thousand barrels per day compared with the previous month. Production remained unchanged in Saudi Arabia, Iran, the United Arab Emirates, Venezuela, Kuwait, Nigeria, Iraq, Algeria, and Qatar from the previous month.

Among the non-OPEC nations, production during April 2006 increased compared with the previous month in the United States by 51 thousand barrels per day; Canada by 47 thousand barrels per day; Mexico by 20 thousand barrels per day; Egypt by 12 thousand barrels per day; and Russia by 10 thousand barrels per day. Production during April 2006 decreased compared with the previous month in Norway by 203 thousand barrels per day; the United Kingdom by 10 thousand barrels per day; and China by 9 thousand barrels per day.

Petroleum Consumption. In March 2006, consumption in all Organization for Economic Cooperation and Development (OECD) countries was 51 million barrels per day, less than 1 percent lower than the March 2005 rate. Comparing March rates in 2006 and 2005, consumption was higher in 2006 in the United Kingdom ( 10 percent); Italy ( 5 percent); and Germany ( 4 percent). The March 2006 consumption rate was lower in South Korea (-10 percent); Japan (-5 percent); France (-2 percent); Canada (-1 percent); and the United States (less than -1 percent), compared with the rate 1 year earlier.

Petroleum Stocks. For all OECD countries, petroleum stocks at the end of March 2006 totaled 4.1 billion barrels, 2 percent higher than the ending stock level in March 2005. Stock levels were higher in March 2006 in Canada ( 11 percent); France ( 5 percent); Japan ( 3 percent); the United States ( 2 percent); and South Korea (less than 1 percent). Stock levels were lower in the United Kingdom (-4 percent); Italy (-2 percent); and Germany (less than -1 percent), compared with levels 1 year earlier.

Note: Data on this page are derived from unrounded data not shown in the tables in this section n.

International Petroleum

Tables 11.1a and 11.1b Sources

United States: See Table 3.1a.

All Other Countries: Monthly Data

2004 forward: Energy Information Administration (EIA), International Petroleum Monthly, and Office of Energy Markets and End Use (EMEU), International Energy Database, June 2006.

All Other Countries: Annual Data

1973-1979: EIA, International Energy Annual 1981, Table 8. 1980-2004: EIA, EMEU, International Energy Database, June 2006. 2005: Average of monthly data.

World: Monthly Data

2004 forward: EIA, International Petroleum Monthly, sum of all countries' monthly data.

World: Annual Data

1973-1979: EIA, International Energy Annual 1981, Table 8. 1980-2004: EIA, EMEU, International Energy Database, June 2006 2005: Average of monthly data.