Short-Term Outlook for World Oil Markets Guy Caruso, Administrator Energy Information Administration Association for International Petroleum Negotiators March 30, 2006 Washington, DC
West Texas Intermediate Crude Oil Price (dollars per barrel) 100 History Projections 90 80 70 60 50 40 30 20 10 0 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Short-Term Energy Outlook, March 2006
World Oil Spare Production Capacity (million barrels per day) 6.0 History Projections 5.0 4.0 3.0 2.0 1.0 0.0 1991- 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 1997 Average Short-Term Energy Outlook, March 2006
World Oil Demand Growth (million barrels per day) 1.6 History Projections 1.4 1.2 1.5% 1.9% 2.2% 1.0 0.8 0.6 0.4 0.2 0.0 2005 2006 2007 OECD* Non-OECD Asia Former Soviet Union & E. Europe Other *Organization for…
World Oil Demand Growth (million barrels per day) 3.0 2.5 History Projections 2.0 1.5 United States 1.0 0.5 China 0.0 -0.5 1991- 2000 2001 2002 2003 2004 2005 2006 2007 1999 Average Short-Term Energy Outlook, March…
Days of Supply of OECD Commercial Oil Stocks 60 History Projections Previous 5-Year Min/Max Range 58 56 54 52 50 48 46 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 OECD=Organization for Economic Cooperation and…
World Oil Supply Growth (million barrels per day, change from previous year) 1.3 2007 0.8 2006 2005 0.3 -0.3 -0.8 Ru la al a Eg a No o m Un Ca jan a rth ia Ec a m e r zi l Vi sia…
Periodic Reports Petroleum Status and Natural Gas Storage Reports, weekly Short-Term Energy Outlook, monthly Annual Energy Outlook 2006, February 2006 International Energy Outlook 2005, July 2005 Examples of Special Analyses Economic…
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