Press Esc to close



For full content view: Log in Now!

  • Industry at a glance

    Output increases in China, Brazil and Canada were the principal factors in January’s growth of world oil supply to 86.64 million bpd. OPEC output, now including Ecuador’s data, increased by 70,000 bpd as a result of increased production in Angola, which offset decreases in both Iraq and Nigeria. Shell declared a force majeure on Forcados exports in Nigeria in January after pipeline sabotage, subsequently leading to the shut-in of 150,000 bpd of Forcados production, and a series of power outages in Iraq restricted refinery operations, production and pipeline exports. According to the IEA, economic refinery run cuts in January and February were the most extensive in five years. Coupled with seasonal maintenance, February global refinery crude throughput should average 74.0 million bpd, down by 600,000 bpd from January. As of printing, NYMEX futures prices have continued to hover near $90/bbl.

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