Remember me | Forgot password
For full content view: Log in Now!
OPEC crude oil production averaged 29.4 million bpd in October, down 0.16 million bpd from September, while non-OPEC October output rose to about 51.7 million bpd. In line with typical fourth-quarter upward cycles, oil demand in the US and other OECD countries has begun rising. This should continue through the end of 2006. Following October’s four-year low registered in the US gas price index, the November index figure increased 75%. It now stands at its highest level since last February, but this is still 41% lower than one year ago. Some of this effect is due to the return of gas output knocked offline in the Gulf of Mexico by the 2005 hurricanes. Gas prices are expected to steadily increase in coming weeks. World oil prices are lingering between $55-$60/bbl, but OPEC desires to keep the price well above $60. The international seismic crew count is down, particularly in Europe, where it fell 41% in November.
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.
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:
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 CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Denver, CO - December 11-13
Doha - January 20-22
Cancun - January 27-29
All material subject to strictly enforced copyright laws.
© 2013 World Oil. © 2013 Gulf Publishing Company.