Global need for OPEC crude to ease in 2005

With worldwide oil demand growth slowing and inventories of crude and products abundant in countries of the Organization for Economic Cooperation and Development, the call for crude from the Organization of Petroleum Exporting Countries this year will decline.Members of the OECD will supply the same amount of oil this year as last, but countries outside the organization will boost output in 2005, according to International Energy Agency estimates. The Paris-based agency expects increases in production from the former Soviet Union (FSU), Latin America, and Africa.OECD oil demand This year, North American oil demand will increase to 25.29 million b/d from 25.08 million b/d in 2004, with the...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected