Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Violence to oil installations in Nigeria triggered an overall cut in May OPEC supply by 425,000 bopd, while world oil supply fell 565,000 bpd to 84.9 million bpd. Global oil demand was revised up to 86.1 million bpd, and IEA estimates demand will rise by 2.0% in 2007, as opposed to only 0.9% in 2006. The American EIA published its International Energy Outlook 2007 report, in which it projected that world energy consumption will increase 57% between 2004 and 2030. The most rapid growth will concentrate in non-OECD countries.
The US natural gas price index rose only $0.02 from May to June, but stands $1.49 higher than this time last year. With forecasts for an active hurricane season, prices are likely to stay high for the rest of the year.
Offshore rig utilization is just over 90%, down slightly from mid-March’s 93%. Demand is projected to grow, creating a supply deficit as high as 15 rigs by 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.
Houston, TX - November 4-5
The Woodlands, TX - November 17-17
Houston, TX - November 18-18
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.