Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
In August, global oil supply fell by 1 million bpd to 86.36 million bpd. OPEC August crude production fell by 200,000 bpd, mainly due to decreased production in Saudi Arabia, Iran and Nigeria. Crude futures began to fall in August, approaching $90 per bbl in early September and remaining around $90 to $100 as of printing. Neither Hurricane Gustav nor Ike caused much fluctuation in the market. According to the IEA, recent hurricane activity in the US Gulf of Mexico resulted in a 1.4 million bpd downward revision to US refinery crude throughput in September, to an average of 13.9 million bpd. International geophysical activity is slightly down in September over August, but up 16% over last year. The largest increases seen in the Middle East, up 70% over last year and the Far East, up 55% over last year.
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.
Bangkok - August 25-27
Houston, TX - August 27-29
Houston, TX - November 4-5
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.