recently posted updated diagrams for the development in world oil
supplies (believed to be all liquids) based upon data from EIA
Petroleum International Monthly for October 2006 which includes data
as of July 2006.
The data from EIA shows that the world supplies of oil were down with
an average of 0,18 Mb/d for the 7 first months of 2006 relative to
the same period of 2005, and that the supplies of regular oil and
lease condensate so far still had a top back in December 2005.
For the last 22 months (September 2004 - July 2006) the arithmetic
average for oil supplies was 84,25 Mb/d, and supplies have been
running within 1 % of this average for these months.
OPEC (the second diagram) supplies (oil, lease condensate and NGL's)
have so far had a top back in September 2005.
OPEC supplies (oil, lease condensate and NGL's) are down 0,29 Mb/d
for the 7 first months of 2006 compared to the same period of 2005.
Diagrams are clickable for improved viewing.
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