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Appendix

92

OPEC Monthly Oil Market Report – September 2017

Table 11 - 2: World oil demand and supply balance, changes from last month’s table*, mb/d

2014 2015 2016 1Q17 2Q17 3Q17 4Q17 2017 1Q18 2Q18 3Q18 4Q18 2018

World demand

OECD

-

-

-

-

-

-

0.1

-

0.1

-

0.1 0.1 0.1

Americas

-

-

-0.1

-

-0.2

-

-

-

-

-0.2

-

-

-

Europe

-

-

-

-

0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1

Asia Pacific

-

-

-

-

-

-

-

-

-

-

-

-

-

DCs

-

-

-

-0.1

-

-

-

-

-0.1

-

-

-

-

FSU

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Europe

-

-

-

-

-

-

-

-

-

-

-

-

-

China

-

0.3 0.3 0.3 0.5 0.3 0.2 0.3 0.3 0.5 0.4 0.3 0.4

(a) Total world demand

-

0.3 0.2 0.2 0.4 0.3 0.3 0.3 0.2 0.5 0.4 0.3 0.4

World demand growth

-

0.3 -0.1 -0.1 0.2

-

0.1 0.1 0.1 0.1 0.1 0.1 0.1

Non-OPEC supply

OECD

-

-

-

-

-

-

-0.1

-

-

-

-

-

-

Americas

-

-

-

-

-

-

-0.1

-

-

-

-

-

-

Europe

-

-

-

-

-

0.1

-

-

-

-

-

-

-

Asia Pacific

-

-

-

-

-

-

-

-

-

-

-

-

-

DCs

-

-

-

-

-

-

-

-

-

-

-

-

-

FSU

-

-

-

-

-

-

0.1

-

0.1 -0.1 -0.2 -0.1 -0.1

Other Europe

-

-

-

-

-

-

-

-

-

-

-

-

-

China

-

-

-

-

-

-

-

-

-

-

-

-

-

Processing gains

-

-

-

-

-

-

-

-

-

-

-

-

-

Total non-OPEC supply

-

-

-

-

0.1

-

-

-

0.1 -0.1 -0.2 -0.1 -0.1

Total non-OPEC supply

growth

-

-

-

-0.1

-

-

0.1

-

0.1 -0.1 -0.2 -0.2 -0.1

OPEC NGLs + non-

conventionals

-

-

-

-

-

-

-

-

-

-

-

-

-

(b) Total non-OPEC supply

and OPEC NGLs

-

-

-

-

0.1

-

-

-

0.1 -0.1 -0.2 -0.1 -0.1

OPEC crude oil production

(secondary sources)

-

-

-

-

-

Total supply

-

-

-

-

0.1

Balance (stock change and

miscellaneous)

-

-0.3 -0.2 -0.2 -0.3

OECD closing stock levels (mb)

Commercial

2

3

1

1 -13

SPR

2

2

2

2 -5

Total

4

4

2

3 -18

Oil-on-water

-

-

-

-

-

Days of forward consumption in OECD

Commercial onland stocks

-

-

-

-

-

SPR

-

-

-

-

-

Total

-

-

-

-

-

Memo items

(a) - (b)

-

0.3 0.2 0.2 0.3 0.2 0.2 0.2 0.1 0.5 0.6 0.5 0.4

Note: * This compares Table 11 - 1 in this issue of the MOMR with Table 13 - 1 in the August 2017 issue.

This table shows only where changes have occurred.

Source: OPEC Secretariat.