International Petroleum Supply, Demand and Stocks
EIA Estimate

January 1997 - November 2018
Click on Graph for larger image
Supply
Stocks
OPEC Crude Oil Production & Spare Capacity
Petroleum Consumption
Consumption (million b/d)
Monthly
Annual

Nov-2018 Oct-2018 Nov-2017 Change % Change Change % Change
OECD 48.11 47.73 48.27 0.38 0.8% -0.16 -0.3%
U.S. (50 States) 20.75 20.46 20.31 0.29 1.4% 0.44 2.2%
U.S. Territories 0.11 0.13 0.09 -0.02 -15.4% 0.02 22.2%
Canada 2.48 2.44 2.59 0.04 1.6% -0.11 -4.2%
Europe 14.27 14.64 14.55 -0.37 -2.5% -0.28 -1.9%
Japan 3.79 3.53 4.09 0.26 7.4% -0.30 -7.3%
Other OECD 6.71 6.53 6.64 0.18 2.8% 0.07 1.1%
Non-OECD 52.99 52.26 52.62 0.73 1.4% 0.37 0.7%
Eurasia 4.99 4.93 4.88 0.06 1.2% 0.11 2.3%
Europe 0.76 0.77 0.74 -0.01 -1.3% 0.02 2.7%
China 14.10 13.26 14.49 0.84 6.3% -0.39 -2.7%
India 5.08 5.01 4.47 0.07 1.4% 0.61 13.6%
Other Asia 8.81 8.75 9.06 0.06 0.7% -0.25 -2.8%
Other Non-OECD 19.25 19.54 18.98 -0.29 -1.5% 0.27 1.4%
Total World Consumption 101.09 99.99 100.89 1.10 1.1% 0.20 0.2%



Petroleum Supply
World Petroleum Production (million b/d)
Monthly
Annual

Nov-2018 Oct-2018 Nov-2017 Change % Change Change % Change
OECD 30.89 30.61 29.03 0.28 0.9% 1.86 6.4%
U.S. (50 States) 18.76 18.48 16.85 0.28 1.5% 1.91 11.3%
Canada 5.26 5.24 5.27 0.02 0.4% -0.01 -0.2%
Mexico 2.12 2.13 2.14 -0.01 -0.5% -0.02 -0.9%
Other OECD 4.75 4.76 4.77 -0.01 -0.2% -0.02 -0.4%
Non-OECD 71.49 71.41 70.45 0.08 0.1% 1.04 1.5%
OPEC 39.71 39.61 39.37 0.10 0.3% 0.34 0.9%
Eurasia 14.88 14.72 14.37 0.16 1.1% 0.51 3.5%
China 4.84 4.81 4.78 0.03 0.6% 0.06 1.3%
Other Non-OECD 12.06 12.27 11.93 -0.21 -1.7% 0.13 1.1%
Total 102.39 102.02 99.48 0.37 0.4% 2.91 2.9%





World Petroleum Production (million b/d)
Monthly
Annual

Nov-2018 Oct-2018 Nov-2017 Change % Change Change % Change
OPEC 39.71 39.61 39.37 0.10 0.3% 0.34 0.9%
Crude Oil Portion 32.98 32.90 32.73 0.08 0.2% 0.25 0.8%
Other Liquids 6.73 6.71 6.63 0.02 0.3% 0.10 1.5%
Non-OPEC Production 62.67 62.41 60.12 0.26 0.4% 2.55 4.2%
Total 102.39 102.02 99.48 0.37 0.4% 2.91 2.9%
Petroleum Stocks
Total Crude Oil and Other Liquids Inventory
Net Withdrawals Million b/d


Nov-2018 Oct-2018 Nov-2017
U.S. (50 States) 0.45 0.71 0.6
Other OECD -0.59 -0.94 0.28
Other Stock Draws and Balance -1.15 -1.8 0.54
Total Stock Draw -1.29 -2.03 1.41
End-of-period Commercial Crude Oil and Other Liquids Inventories
Monthly
Annual

Nov-2018 Oct-2018 Nov-2017 Change % Change Change % Change
U.S. Commercial Inventory 1,247 1,255 1,262 -8.00 -0.6% -15.00 -1.2%
5 - Year Average 1,219 1,221 1,185



Difference 28 34 77



OECD Commercial Inventory 2,912 2,902 2,894 10.00 0.3% 18.00 0.6%
5 - Year Average 2,833 2,845 2,787



Difference 79 57 107



OPEC Crude Oil Production



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