International Petroleum Supply, Demand and Stocks
EIA Estimate

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

May-2019 Apr-2019 May-2018 Change % Change Change % Change
OECD 46.01 46.51 46.91 -0.50 -1.1% -0.90 -1.9%
U.S. (50 States) 19.98 20.09 20.36 -0.11 -0.5% -0.38 -1.9%
U.S. Territories 0.12 0.08 0.10 0.04 50.0% 0.02 20.0%
Canada 2.37 2.31 2.41 0.06 2.6% -0.04 -1.7%
Europe 13.89 14.12 14.02 -0.23 -1.6% -0.13 -0.9%
Japan 3.26 3.58 3.44 -0.32 -8.9% -0.18 -5.2%
Other OECD 6.38 6.35 6.59 0.03 0.5% -0.21 -3.2%
Non-OECD 53.72 53.42 52.24 0.30 0.6% 1.48 2.8%
Eurasia 4.85 4.71 4.83 0.14 3.0% 0.02 0.4%
Europe 0.75 0.75 0.74 0.00 0.0% 0.01 1.4%
China 14.46 14.67 13.98 -0.21 -1.4% 0.48 3.4%
India 5.12 4.92 4.87 0.20 4.1% 0.25 5.1%
Other Asia 9.30 9.28 9.15 0.02 0.2% 0.15 1.6%
Other Non-OECD 19.24 19.08 18.67 0.16 0.8% 0.57 3.1%
Total World Consumption 99.72 99.93 99.15 -0.21 -0.2% 0.57 0.6%



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

May-2019 Apr-2019 May-2018 Change % Change Change % Change
OECD 31.23 31.10 29.15 0.13 0.4% 2.08 7.1%
U.S. (50 States) 19.59 19.52 17.32 0.07 0.4% 2.27 13.1%
Canada 4.84 4.81 5.18 0.03 0.6% -0.34 -6.6%
Mexico 2.08 2.09 2.13 -0.01 -0.5% -0.05 -2.3%
Other OECD 4.72 4.68 4.52 0.04 0.9% 0.20 4.4%
Non-OECD 68.93 68.96 70.35 -0.03 -0.0% -1.42 -2.0%
OPEC 35.17 35.46 37.01 -0.29 -0.8% -1.84 -5.0%
Eurasia 14.32 14.42 14.40 -0.10 -0.7% -0.08 -0.6%
China 4.86 4.91 4.80 -0.05 -1.0% 0.06 1.3%
Other Non-OECD 14.58 14.17 14.14 0.41 2.9% 0.44 3.1%
Total 100.16 100.06 99.50 0.10 0.1% 0.66 0.7%





World Petroleum Production (million b/d)
Monthly
Annual

May-2019 Apr-2019 May-2018 Change % Change Change % Change
OPEC 35.17 35.46 37.01 -0.29 -0.8% -1.84 -5.0%
Crude Oil Portion 29.93 30.14 31.74 -0.21 -0.7% -1.81 -5.7%
Other Liquids 5.24 5.31 5.27 -0.07 -1.3% -0.03 -0.6%
Non-OPEC Production 64.99 64.60 62.49 0.39 0.6% 2.50 4.0%
Total 100.16 100.06 99.50 0.10 0.1% 0.66 0.7%
Petroleum Stocks
Total Crude Oil and Other Liquids Inventory
Net Withdrawals Million b/d

May-2019 Apr-2019 May-2018
U.S. (50 States) -1.43 -0.27 -0.21
Other OECD 0.33 0.05 0.09
Other Stock Draws and Balance 0.67 0.1 -0.24
Total Stock Draw -0.43 -0.13 -0.35
End-of-period Commercial Crude Oil and Other Liquids Inventories
Monthly
Annual

May-2019 Apr-2019 May-2018 Change % Change Change % Change
U.S. Commercial Inventory 1,306 1,258 1,210 48.00 3.8% 96.00 7.9%
5 - Year Average 1,248 1,231 1,224 17.40 1.4% 23.80 1.9%
Difference 58 27 (14)



OECD Commercial Inventory 2,902 2,864 2,817 38.00 1.3% 85.00 3.0%
5 - Year Average 2,886 2,853 2,847 32.80 1.1% 38.40 1.3%
Difference 16 11 (30)



OPEC Crude Oil Production

U.S. and China

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