International Petroleum Supply, Demand and Stocks
EIA Estimate

January 1997 - March 2019
Click on Graph for larger image
Supply
Stocks
OPEC Crude Oil Production & Spare Capacity
Petroleum Consumption
Consumption (million b/d)
Monthly
Annual

Feb-2019 Jan-2019 Feb-2018 Change % Change Change % Change
OECD 48.45 47.33 47.98 1.12 2.4% 0.47 1.0%
U.S. (50 States) 20.35 20.72 19.62 -0.37 -1.8% 0.73 3.7%
U.S. Territories 0.10 0.10 0.08 0.00 0.0% 0.02 25.0%
Canada 2.46 2.42 2.38 0.04 1.7% 0.08 3.4%
Europe 14.44 13.50 14.64 0.94 7.0% -0.20 -1.4%
Japan 4.37 4.11 4.56 0.26 6.3% -0.19 -4.2%
Other OECD 6.72 6.49 6.70 0.23 3.5% 0.02 0.3%
Non-OECD 53.38 52.12 51.57 1.26 2.4% 1.81 3.5%
Eurasia 4.93 4.69 4.89 0.24 5.1% 0.04 0.8%
Europe 0.76 0.75 0.75 0.01 1.3% 0.01 1.3%
China 14.46 14.03 13.97 0.43 3.1% 0.49 3.5%
India 5.16 4.97 4.72 0.19 3.8% 0.44 9.3%
Other Asia 8.95 8.82 8.81 0.13 1.5% 0.14 1.6%
Other Non-OECD 19.12 18.86 18.43 0.26 1.4% 0.69 3.7%
Total World Consumption 101.83 99.45 99.55 2.38 2.4% 2.28 2.3%



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

Feb-2019 Jan-2019 Feb-2018 Change % Change Change % Change
OECD 31.07 30.58 29.17 0.49 1.6% 1.90 6.5%
U.S. (50 States) 19.14 19.02 16.77 0.12 0.6% 2.37 14.1%
Canada 5.04 4.89 5.36 0.15 3.1% -0.32 -6.0%
Mexico 2.07 1.87 2.18 0.20 10.7% -0.11 -5.0%
Other OECD 4.82 4.81 4.86 0.01 0.2% -0.04 -0.8%
Non-OECD 69.34 69.63 70.01 -0.29 -0.4% -0.67 -1.0%
OPEC 35.98 36.12 37.46 -0.14 -0.4% -1.48 -4.0%
Eurasia 14.83 14.87 14.43 -0.04 -0.3% 0.40 2.8%
China 4.77 4.76 4.75 0.01 0.2% 0.02 0.4%
Other Non-OECD 13.75 13.87 13.37 -0.12 -0.9% 0.38 2.8%
Total 100.41 100.22 99.18 0.19 0.2% 1.23 1.2%





World Petroleum Production (million b/d)
Monthly
Annual

Feb-2019 Jan-2019 Feb-2018 Change % Change Change % Change
OPEC 35.98 36.12 37.46 -0.14 -0.4% -1.48 -4.0%
Crude Oil Portion 30.53 30.66 32.10 -0.13 -0.4% -1.57 -4.9%
Other Liquids 5.45 5.47 5.36 -0.02 -0.4% 0.09 1.7%
Non-OPEC Production 64.43 64.09 61.72 0.34 0.5% 2.71 4.4%
Total 100.41 100.22 99.18 0.19 0.2% 1.23 1.2%
Petroleum Stocks
Total Crude Oil and Other Liquids Inventory
Net Withdrawals Million b/d


Feb-2019 Jan-2019 Feb-2018
U.S. (50 States) 0.39 0.21 0.14
Other OECD 0.36 -0.33 0.54
Other Stock Draws and Balance 0.68 -0.64 -0.32
Total Stock Draw 1.42 -0.76 0.37
End-of-period Commercial Crude Oil and Other Liquids Inventories
Monthly
Annual

Feb-2019 Jan-2019 Feb-2018 Change % Change Change % Change
U.S. Commercial Inventory 1,245 1,256 1,210 -11.00 -0.9% 35.00 2.9%
5 - Year Average 1,213 1,213 1,184



Difference 32 43 26



OECD Commercial Inventory 2,837 2,858 2,846 -21.00 -0.7% -9.00 -0.3%
5 - Year Average 2,842 2,847 2,796



Difference (5) 11 50



OPEC Crude Oil Production



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