Short-Term Outlook for Oil Markets Guy Caruso, Administrator Energy Information Administration Offshore Technology Conference 2006 May 2, 2006 Houston, TX
Shut-In Federal Offshore Gulf Crude Oil Production thousand barrels per day dollars per barrel History Projections 72 2,000 WTI Crude Oil Price Shut In Capacity 67.50 67.00 66.00 66 1,600 60 1,200 800 54 400 310 273 48 174…
West Texas Intermediate Crude Oil Price (dollars per barrel) 100 90 History Projections 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, April 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, April 2006
Non-OPEC Oil Supply Growth (million barrels per day, change from previous year) 1 World Liquids Production 2006 0.8 Non- OPEC 0.6 OPEC 34 2007 51.1 2006 0.4 2005 Hurricane recovery 0.2 0 Hurricane damage -0.2…
World Oil Demand Growth (million barrels per day) 1.6 History Projections 1.4 1.2 1.4% 1.8% 2.0% 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, April…
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…
U.S. Petroleum Products Demand Growth (thousand barrels per day) 1,000 History Projections 800 600 2.2% 1.3% 400 200 -0.4% 0 -200 -400 2005 2006 2007 Total Motor Gasoline Jet Fuel Fuel Oil Other Short-Term Energy…
U.S. Crude Oil Stocks (million barrels) 400 History Projections 380 Previous 5-Year Min/Max Range 360 340 320 300 280 260 240 220 200 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Short-Term Energy Outlook, April 2006
U.S. Crude Oil Production (million barrels per day) 1.20 History Projections 6.0 1.00 5.0 0.80 4.0 0.60 3.0 0.40 2.0 0.20 1.0 0.00 0.0 -0.20 -1.0 -0.40 -2.0 1993 1995 1997 1999 2001 2003 2005 2007 Total Change (left axis)…
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, update May 2006 Examples of Special…
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