International Petroleum Supply, Demand and Stocks
EIA Estimate

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

Jan-2019 Dec-2018 Jan-2018 Change % Change Change % Change
OECD 47.28 48.20 47.01 -0.92 -1.9% 0.27 0.6%
U.S. (50 States) 20.62 20.40 20.46 0.22 1.1% 0.16 0.8%
U.S. Territories 0.10 0.08 0.08 0.02 25.0% 0.02 25.0%
Canada 2.42 2.45 2.36 -0.03 -1.2% 0.06 2.5%
Europe 13.51 14.03 13.30 -0.52 -3.7% 0.21 1.6%
Japan 4.11 4.33 4.26 -0.22 -5.1% -0.15 -3.5%
Other OECD 6.52 6.91 6.55 -0.39 -5.6% -0.03 -0.5%
Non-OECD 51.92 53.37 50.97 -1.45 -2.7% 0.95 1.9%
Eurasia 4.69 5.01 4.74 -0.32 -6.4% -0.05 -1.1%
Europe 0.75 0.76 0.74 -0.01 -1.3% 0.01 1.4%
China 14.03 14.49 13.56 -0.46 -3.2% 0.47 3.5%
India 4.84 4.93 4.68 -0.09 -1.8% 0.16 3.4%
Other Asia 8.82 8.82 8.67 0.00 0.0% 0.15 1.7%
Other Non-OECD 18.78 19.36 18.57 -0.58 -3.0% 0.21 1.1%
Total World Consumption 99.19 101.57 97.97 -2.38 -2.3% 1.22 1.2%



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

Jan-2019 Dec-2018 Jan-2018 Change % Change Change % Change
OECD 30.90 31.29 28.80 -0.39 -1.2% 2.10 7.3%
U.S. (50 States) 19.19 19.17 16.37 0.02 0.1% 2.82 17.2%
Canada 4.89 5.31 5.20 -0.42 -7.9% -0.31 -6.0%
Mexico 2.07 2.08 2.21 -0.01 -0.5% -0.14 -6.3%
Other OECD 4.76 4.74 5.02 0.02 0.4% -0.26 -5.2%
Non-OECD 69.68 70.54 70.17 -0.86 -1.2% -0.49 -0.7%
OPEC 36.19 36.78 37.62 -0.59 -1.6% -1.43 -3.8%
Eurasia 14.88 14.98 14.38 -0.10 -0.7% 0.50 3.5%
China 4.77 4.87 4.76 -0.10 -2.1% 0.01 0.2%
Other Non-OECD 13.84 13.91 13.41 -0.07 -0.5% 0.43 3.2%
Total 100.58 101.83 98.97 -1.25 -1.2% 1.61 1.6%





World Petroleum Production (million b/d)
Monthly
Annual

Jan-2019 Dec-2018 Jan-2018 Change % Change Change % Change
OPEC 36.19 36.78 37.62 -0.59 -1.6% -1.43 -3.8%
Crude Oil Portion 30.73 31.37 32.27 -0.64 -2.0% -1.54 -4.8%
Other Liquids 5.47 5.41 5.35 0.06 1.1% 0.12 2.2%
Non-OPEC Production 64.39 65.05 61.35 -0.66 -1.0% 3.04 5.0%
Total 100.58 101.83 98.97 -1.25 -1.2% 1.61 1.6%
Petroleum Stocks
Total Crude Oil and Other Liquids Inventory
Net Withdrawals Million b/d


Jan-2019 Dec-2018 Jan-2018
U.S. (50 States) 0.13 -0.34 0.49
Other OECD -0.52 0.03 -1.31
Other Stock Draws and Balance -1.01 0.05 -0.18
Total Stock Draw -1.39 -0.26 -0.99
End-of-period Commercial Crude Oil and Other Liquids Inventories
Monthly
Annual

Jan-2019 Dec-2018 Jan-2018 Change % Change Change % Change
U.S. Commercial Inventory 1,255 1,259 1,215 -4.00 -0.3% 40.00 3.3%
5 - Year Average 1,213 1,204 1,187



Difference 42 55 28



OECD Commercial Inventory 2,875 2,863 2,865 12.00 0.4% 10.00 0.3%
5 - Year Average 2,847 2,807 2,803



Difference 28 56 62



OPEC Crude Oil Production



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