Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • Industry at a glance


    Oil prices continue to rise, reaching a record high of $93.53 a barrel on Oct. 29, with fears of a Turkish invasion of Iraq and a weak dollar cited for the increase. Last month, OPEC worried about the cost of oil at $80 and agreed to raise production by 500,000 bpd starting Nov. 1, and apparently had already begun doing so, but as oil rises above $90 a barrel, OPEC says supply is adequate for the demand in the market and they will not increase production further. World oil supply increased by 415,000 bpd in September to 85.1 million bpd. Demand forecasts by IEA remain virtually unchanged at 85.9 million bpd in 2007 and 88.0 million bpd in 2008. Increased Iraqi output helped lift OPEC crude supply by 245,000 bpd in September to 30.7 million bpd, and production through year end should be bolstered by increased OPEC supply, receding hurricane risks and the end of seasonal maintenance.

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!

Subscribe


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.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

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

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS

Upcoming Events