Press Esc to close



For full content view: Log in Now!

  • Industry at a glance

    World oil supply increased by 1.1 million bopd in July to 85.3 million bopd, but monthly gains from non-OPEC producers could prove short-lived as maintenance and seasonal factors will likely reverse the July increase in August and September. WTI reached a record high of over $78/bbl in July, but then fell back sharply on a combination of concerns over growth and poor refining margins. OPEC raised its forecasts of world oil demand by 130,000 bopd for this year and by 120,000 bopd for next year, but warned that the demand outlook was being clouded by a number of “emerging uncertainties.” Changes have been made to the world oil and NGL production table, as Africa-others has become Africa/Middle East-others. Also, data for the workover rig graph and table will henceforth come from Weatherford and will now include rod jobs and wells less than 1,500 ft deep.

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