Press Esc to close



For full content view: Log in Now!

  • Industry at a glance

    During its Sept. 11 meeting, OPEC agreed to a new production ceiling of 27.2 million bpd, this includes 500,000 barrels a day of fresh oil on the market, the first increase in over two years. OPEC’s decision reverses output cuts agreed to late last year that cumulatively removed about 1 million bpd off the global markets. The decision came about amid concerns about record high oil prices, which have reached yet another record level in September. World oil supply fell by 430,000 barrels a day to 84.6 million bpd in August and demand has been slightly revised down to 85.9 million bpd in 2007 and 88.0 million bpd in 2008. Downward revisions to the second half of 2007 reflect weaker-than anticipated data in June and July. OPEC crude production fell by 40,000 barrels per day in August; however, 10 members bound by production agreements boosted output by 80,000 barrels per day.

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