Press Esc to close



For full content view: Log in Now!

  • Industry at a glance

    The June international rotary rig count continued creeping back up following its low in April, largely due to the climb in Canada, which increased by 131 rigs. More rigs have been running overall in 2008 than in 2007, with increases in both the US workover and rotary rig categories-173 and 131 respectively. International geophysical activity is also much higher in 2008 than in 2007, with the number of seismic crews working increasing from 277 to 452. June global oil supply increased by 300,000 bpd to 86.08 million bpd. After several months of cuts, IEA increased its 2008 global oil demand forecast to 86.9 million bpd, 80,000 bpd above last month’s estimate. High oil prices contributing to a decrease in OECD demand are offset by strong growth in developing economies and strong non-OECD consumption. OPEC supply increased to 32.4 million bpd from 32.07 million bpd on supply increases from Saudi Arabia and Iran.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial

2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.

If you are already a paid subscriber and do not have access, please email



Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.


2013 Fracturing Technology

2013 Fracturing Technology