Press Esc to close



For full content view: Log in Now!

  • International: Worldwide oil production

    Last year’s shaky global economy and political instability in several regions led to a second straight decline in worldwide oil and condensate production. Estimated output fell 1.0%, to 66.9 million bopd. Since averaging 68.3 million bopd during 2000, global production has lost 1.4 million bopd. In a classic “domino effect,” higher production will require greater demand. Yet, to achieve higher, sustained demand, a number of key economies must begin to show healthy recovery from the last two years’ doldrums. This recovery process, however, has been held hostage in recent months by uncertainties among companies, investors and consumers, alike, as to when and how the Bush administration will wage a war against Iraq. Throughout the last year, OPEC has tried mightily to balance the highs and lows with quota adjustments, both higher and lower, with mixed results.

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