world oil supply and demand table 1 · world oil supply and demand: changes from last month's...

INTERNATIONAL ENERGY AGENCY - O IL MARKET REPORT TABLES

10 FEBRUARY 2015 1

TABLES

2011 2012 1Q13 2Q13 3Q13 4Q13 2013 1Q14 2Q14 3Q14 4Q14 2014 1Q15 2Q15 3Q15 4Q15 2015

OECD DEMAND

Americas1

24.0 23.6 23.8 23.9 24.3 24.3 24.1 23.9 23.6 24.2 24.6 24.1 24.1 23.9 24.3 24.5 24.2

Europe2

14.3 13.8 13.2 13.9 14.0 13.6 13.7 13.0 13.4 13.9 13.4 13.4 13.0 13.3 13.7 13.4 13.4

Asia Oceania3

8.2 8.5 8.9 7.8 8.0 8.6 8.3 8.8 7.7 7.7 8.3 8.1 8.6 7.5 7.7 8.2 8.0

Total OECD 46.4 45.9 45.9 45.6 46.4 46.6 46.1 45.7 44.7 45.8 46.3 45.6 45.7 44.7 45.8 46.2 45.6

NON-OECD DEMAND

FSU 4.5 4.6 4.5 4.6 4.9 4.9 4.7 4.6 4.8 5.0 4.9 4.9 4.5 4.6 4.8 4.7 4.6

Europe 0.7 0.6 0.6 0.6 0.7 0.7 0.6 0.6 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7

China 9.4 9.8 9.9 10.1 10.2 10.3 10.1 10.2 10.3 10.4 10.7 10.4 10.4 10.6 10.7 10.9 10.6

Other Asia 11.2 11.6 11.9 11.9 11.6 12.0 11.9 12.2 12.2 11.9 12.3 12.1 12.6 12.6 12.3 12.8 12.6

Americas 6.2 6.4 6.4 6.6 6.8 6.8 6.6 6.6 6.8 6.9 6.9 6.8 6.7 6.9 7.0 7.0 6.9

Middle East 7.5 7.7 7.5 7.9 8.4 7.7 7.9 7.8 8.2 8.6 7.8 8.1 7.9 8.3 8.8 8.1 8.3

Africa 3.6 3.8 3.9 3.9 3.7 3.8 3.8 3.9 4.0 3.8 4.0 3.9 4.1 4.1 4.0 4.2 4.1

Total Non-OECD 43.1 44.6 44.7 45.7 46.2 46.3 45.7 45.9 46.9 47.3 47.3 46.8 46.8 47.8 48.3 48.3 47.8

Total Demand4 89.5 90.5 90.6 91.3 92.6 92.8 91.8 91.7 91.6 93.1 93.5 92.5 92.5 92.5 94.0 94.5 93.4

OECD SUPPLY

Americas1,7

14.6 15.8 16.8 16.6 17.3 17.8 17.1 18.1 18.6 19.0 19.2 18.7 19.4 19.4 19.1 19.5 19.4

Europe2

3.8 3.5 3.4 3.4 3.2 3.4 3.3 3.5 3.3 3.1 3.4 3.3 3.5 3.3 3.3 3.6 3.4

Asia Oceania3

0.6 0.6 0.4 0.5 0.5 0.4 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5

Total OECD 18.9 19.8 20.6 20.4 21.0 21.6 20.9 22.1 22.4 22.6 23.1 22.6 23.4 23.3 22.9 23.6 23.3

NON-OECD SUPPLY

FSU 13.6 13.7 13.9 13.8 13.8 14.0 13.9 14.0 13.8 13.8 13.9 13.9 14.0 13.8 13.7 13.7 13.8

Europe 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1

China 4.1 4.2 4.2 4.2 4.0 4.2 4.2 4.2 4.2 4.2 4.1 4.2 4.1 4.2 4.2 4.2 4.2

Other Asia5

3.7 3.6 3.6 3.5 3.4 3.5 3.5 3.5 3.4 3.4 3.4 3.4 3.5 3.5 3.5 3.5 3.5

Americas5,7

4.2 4.2 4.1 4.2 4.2 4.2 4.2 4.2 4.3 4.4 4.5 4.4 4.5 4.6 4.5 4.6 4.5

Middle East 1.7 1.5 1.4 1.3 1.4 1.3 1.4 1.4 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3

Africa5

2.5 2.2 2.2 2.3 2.3 2.4 2.3 2.4 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3

Total Non-OECD 29.9 29.5 29.5 29.4 29.3 29.9 29.5 29.8 29.6 29.5 29.8 29.7 29.8 29.7 29.6 29.6 29.7

Processing gains6 2.1 2.1 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2 2.2

Global Biofuels7 1.9 1.9 1.5 2.0 2.4 2.2 2.0 1.7 2.3 2.5 2.2 2.2 1.8 2.3 2.6 2.3 2.2

Total Non-OPEC5 52.8 53.3 53.8 54.1 54.8 55.8 54.6 55.7 56.4 56.9 57.3 56.6 57.3 57.5 57.2 57.7 57.4

OPEC

Crude8

29.9 31.3 30.5 30.9 30.6 29.8 30.5 30.0 30.1 30.5 30.5 30.3

NGLs 5.9 6.2 6.2 6.3 6.3 6.3 6.3 6.3 6.3 6.4 6.5 6.4 6.5 6.6 6.6 6.6 6.6

Total OPEC5 35.8 37.5 36.7 37.2 36.9 36.1 36.7 36.3 36.4 37.0 37.0 36.7

Total Supply9 88.6 90.8 90.5 91.2 91.8 91.9 91.4 92.0 92.8 93.9 94.3 93.3

STOCK CHANGES AND MISCELLANEOUS

Reported OECD

Industry -0.2 0.2 0.2 -0.1 0.4 -1.4 -0.2 0.2 0.7 0.7 -0.2 0.4

Government -0.1 0.0 0.1 -0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Total -0.3 0.2 0.3 -0.1 0.4 -1.4 -0.2 0.2 0.7 0.7 -0.2 0.4

Floating storage/Oil in transit -0.1 0.0 0.2 -0.1 0.2 0.3 0.1

Miscellaneous to balance10

-0.6 0.1 -0.5 0.2 -1.4 0.2 -0.4 0.2 0.6 0.1 1.0 0.5

Total Stock Ch. & Misc -0.9 0.2 -0.1 0.0 -0.8 -1.0 -0.5 0.4 1.3 0.8 0.8 0.8

Memo items:

Call on OPEC crude + Stock ch.11 30.8 31.1 30.5 31.0 31.4 30.8 30.9 29.6 28.8 29.7 29.7 29.5 28.7 28.4 30.2 30.2 29.4

3 As of August 2012 OMR, OECD Asia Oceania includes Israel.

4 Measured as deliveries from refineries and primary stocks, comprises inland deliveries, international marine bunkers, refinery fuel, crude for direct burning,

oil from non-conventional sources and other sources of supply.

5 Other Asia includes Indonesia throughout. Latin America excludes Ecuador throughout. Africa excludes Angola throughout.

Total Non-OPEC excludes all countries that were members of OPEC at 1 January 2009.

Total OPEC comprises all countries which were OPEC members at 1 January 2009.

6 Net volumetric gains and losses in the refining process and marine transportation losses.

7 As of the July 2010 OMR, Global Biofuels comprise all world biofuel production including fuel ethanol from the US and Brazil.

8 As of the March 2006 OMR, Venezuelan Orinoco heavy crude production is included within Venezuelan crude estimates. Orimulsion fuel remains within the OPEC NGL and

non-conventional category, but Orimulsion production reportedly ceased from January 2007.

9 Comprises crude oil, condensates, NGLs, oil from non-conventional sources and other sources of supply.

10 Includes changes in non-reported stocks in OECD and non-OECD areas.

11 Equals the arithmetic difference between total demand minus total non-OPEC supply minus OPEC NGLs.

Table 1

WORLD OIL SUPPLY AND DEMAND(million barrels per day)

TABLES INTERNATIONAL ENERGY AGENCY - O IL MARKET REPORT

2 10 FEBRUARY 2015

2011 2012 1Q13 2Q13 3Q13 4Q13 2013 1Q14 2Q14 3Q14 4Q14 2014 1Q15 2Q15 3Q15 4Q15 2015

OECD DEMAND

Americas - - - - - - - - - - -0.1 - - -0.1 - - -

Europe - - - - - - - - - - 0.1 - - - - - -

Asia Oceania - - - - - - - - - - - - - - - - -

Total OECD - - - - - - - - - - 0.1 - 0.1 - - - -

NON-OECD DEMAND

FSU - - - - - - - - - - - - - - - - -

Europe - - - - - - - - - - - - - - - - -

China - - - - - - - - - - - - - - - - -

Other Asia - - - - - - - - - - - - - - - - -

Americas - - - - - - - - - - - - - - - - -

Middle East - - - - - - - - - - - - -0.1 - - - -

Africa - - - - - - - - - - - - - - - - -

Total Non-OECD - - - - - - - - - - 0.1 - - - - - -

Total Demand - - - - - - - - - - 0.1 - 0.1 - - - -

OECD SUPPLY

Americas - - - - - - - - - 0.1 - - 0.1 -0.1 -0.3 -0.5 -0.2

Europe - - - - - - - - - - 0.1 - 0.1 0.1 0.1 0.1 0.1

Asia Oceania - - - - - - - - - - - - - - - - -

Total OECD - - - - - - - - - 0.1 - - 0.2 0.1 -0.2 -0.3 -0.1

NON-OECD SUPPLY

FSU - - - - - - - - - - - - - - - - -

Europe - - - - - - - - - - - - - - - - -

China - - - - - - - - - - - - - - - - -

Other Asia - - - - - - - - - - - - - - - - -

Americas - - - - - - - - - - - - - - - - -

Middle East - - - - - - - - - - - - - - - - -

Africa - - - - - - - - - - - - - - - - -

Total Non-OECD - - - - - - - - - - - - - - - - -

Processing gains - - - - - - - - - - - - - - - - -

Global Biofuels - - - - - - - - - - - - - - - - -

Total Non-OPEC - - - - - - - - - 0.1 - - 0.2 - -0.2 -0.4 -0.1

OPEC

Crude - - - - - - - - - - - -

NGLs - - - - - - - - - - - - -0.1 -0.1 -0.1 -0.1 -0.1

Total OPEC - - - - - - - - - - - -

Total Supply - - - - - - - - - 0.1 - -

STOCK CHANGES AND MISCELLANEOUS

REPORTED OECD

Industry - - - - - - - - - -

Government - - - - - - - - - -

Total - - - - - - - - - -

Floating storage/Oil in transit - - - - - - -

Miscellaneous to balance - - - - - - - 0.2 -0.4 0.4

Total Stock Ch. & Misc - - - - - - - - - 0.1 -0.1 -

Memo items:

Call on OPEC crude + Stock ch. - - - - - - - - - -0.1 0.1 - - - 0.3 0.5 0.2

When submitting their monthly oil statistics, OECD Member countries periodically update data for prior periods. Similar updates to non-OECD data can occur.

Table 1a

WORLD OIL SUPPLY AND DEMAND: CHANGES FROM LAST MONTH'S TABLE 1(million barrels per day)


10 FEBRUARY 2015 3

2012 1Q13 2Q13 3Q13 4Q13 2013 1Q14 2Q14 3Q14 4Q14 2014 1Q15 2Q15 3Q15 4Q15 2015

Demand (mb/d)

Americas1 23.60 23.80 23.87 24.33 24.35 24.09 23.86 23.63 24.20 24.57 24.07 24.11 23.90 24.33 24.53 24.22

Europe2 13.80 13.19 13.87 14.02 13.62 13.68 13.01 13.40 13.90 13.42 13.43 13.02 13.31 13.70 13.37 13.35

Asia Oceania3 8.52 8.86 7.83 8.02 8.60 8.33 8.85 7.65 7.67 8.29 8.11 8.59 7.47 7.73 8.25 8.01

Total OECD 45.92 45.85 45.57 46.36 46.57 46.09 45.72 44.69 45.77 46.27 45.62 45.72 44.67 45.76 46.15 45.58

Asia 21.42 21.81 21.97 21.73 22.32 21.96 22.37 22.50 22.25 22.96 22.52 23.01 23.18 23.00 23.63 23.20

Middle East 7.75 7.54 7.94 8.40 7.75 7.91 7.81 8.20 8.56 7.84 8.10 7.90 8.33 8.75 8.13 8.28

Americas 6.42 6.37 6.61 6.77 6.77 6.63 6.57 6.76 6.92 6.85 6.78 6.67 6.87 7.01 7.01 6.89

FSU 4.61 4.46 4.64 4.93 4.93 4.74 4.61 4.81 5.03 4.95 4.85 4.51 4.61 4.79 4.66 4.64

Africa 3.78 3.89 3.88 3.73 3.82 3.83 3.93 3.95 3.85 3.98 3.93 4.08 4.12 4.03 4.18 4.10

Europe 0.65 0.62 0.65 0.66 0.68 0.65 0.65 0.65 0.67 0.69 0.67 0.66 0.68 0.68 0.70 0.68

Total Non-OECD 44.63 44.70 45.70 46.20 46.27 45.72 45.94 46.87 47.28 47.26 46.84 46.83 47.78 48.25 48.30 47.80

World 90.55 90.55 91.27 92.56 92.84 91.82 91.66 91.56 93.05 93.53 92.46 92.55 92.45 94.02 94.45 93.37

of which: US50 18.52 18.64 18.72 19.21 19.26 18.96 18.83 18.70 19.17 19.52 19.06 19.12 18.96 19.30 19.45 19.21

Europe 5* 8.36 8.04 8.37 8.34 8.16 8.23 7.89 7.93 8.26 8.05 8.03 7.94 7.91 8.08 7.90 7.96

China 9.82 9.87 10.09 10.16 10.28 10.10 10.15 10.32 10.39 10.67 10.38 10.42 10.60 10.70 10.87 10.65

Japan 4.69 5.05 4.08 4.28 4.72 4.53 5.02 3.87 3.88 4.41 4.29 4.70 3.74 3.90 4.31 4.16

India 3.75 3.87 3.85 3.55 3.82 3.77 3.96 3.96 3.68 3.89 3.87 4.06 4.11 3.83 4.05 4.01

Russia 3.40 3.33 3.44 3.69 3.61 3.52 3.47 3.60 3.78 3.61 3.62 3.38 3.41 3.57 3.39 3.44

Brazil 2.97 2.96 3.06 3.15 3.19 3.09 3.10 3.16 3.27 3.26 3.20 3.16 3.26 3.35 3.36 3.28

Saudi Arabia 2.97 2.75 3.09 3.33 2.88 3.01 2.86 3.31 3.56 2.98 3.18 2.95 3.38 3.64 3.10 3.27

Canada 2.35 2.45 2.42 2.44 2.43 2.44 2.43 2.34 2.45 2.43 2.41 2.39 2.35 2.43 2.42 2.40

Korea 2.32 2.33 2.29 2.27 2.40 2.32 2.36 2.32 2.33 2.39 2.35 2.41 2.26 2.35 2.42 2.36

Mexico 2.09 2.05 2.08 2.03 2.02 2.04 1.95 1.97 1.96 1.98 1.97 1.94 1.96 1.96 2.02 1.97

Iran 1.79 1.80 1.81 1.82 1.81 1.81 1.84 1.79 1.81 1.82 1.82 1.83 1.82 1.82 1.84 1.83

Total 63.03 63.15 63.31 64.29 64.56 63.83 63.86 63.28 64.54 65.02 64.18 64.31 63.76 64.92 65.13 64.53

% of World 69.6% 69.7% 69.4% 69.5% 69.5% 69.5% 69.7% 69.1% 69.4% 69.5% 69.4% 69.5% 69.0% 69.1% 69.0% 69.1%

Annual Change (% per annum)

Americas1 -1.7 2.0 1.3 2.5 2.4 2.1 0.3 -1.0 -0.5 0.9 -0.1 1.0 1.1 0.5 -0.1 0.6

Europe2 -3.2 -4.0 0.1 1.0 -0.7 -0.9 -1.4 -3.4 -0.9 -1.5 -1.8 0.0 -0.7 -1.4 -0.3 -0.6

Asia Oceania3 4.5 -2.7 -2.1 -2.8 -1.5 -2.3 -0.2 -2.3 -4.3 -3.7 -2.6 -2.9 -2.5 0.8 -0.5 -1.3

Total OECD -1.07 -0.73 0.36 1.11 0.72 0.37 -0.28 -1.93 -1.28 -0.64 -1.03 -0.01 -0.04 -0.02 -0.26 -0.08

Asia 4.0 3.6 3.5 2.4 0.7 2.5 2.5 2.4 2.4 2.8 2.6 2.9 3.0 3.3 2.9 3.0

Middle East 3.7 5.0 2.3 1.2 0.0 2.1 3.5 3.2 1.9 1.2 2.4 1.1 1.6 2.3 3.7 2.2

Americas 3.4 3.0 3.6 3.6 2.8 3.3 3.2 2.3 2.2 1.2 2.2 1.4 1.6 1.3 2.2 1.6

FSU 1.4 0.7 2.2 3.9 4.3 2.8 3.3 3.6 2.2 0.3 2.3 -2.1 -4.3 -4.9 -5.7 -4.3

Africa 5.5 3.9 3.4 -0.3 -1.2 1.4 0.9 1.8 3.3 4.2 2.5 3.9 4.2 4.8 4.9 4.4

Europe -3.4 -4.3 -0.6 2.7 4.4 0.6 5.2 0.9 2.5 1.4 2.5 2.4 3.8 0.7 1.5 2.0

Total Non-OECD 3.59 3.36 3.10 2.28 1.14 2.46 2.77 2.56 2.34 2.14 2.45 1.95 1.94 2.06 2.20 2.04

World 1.2 1.2 1.7 1.7 0.9 1.4 1.2 0.3 0.5 0.7 0.7 1.0 1.0 1.0 1.0 1.0

Annual Change (mb/d)

Americas1 -0.40 0.46 0.32 0.60 0.56 0.49 0.07 -0.24 -0.12 0.22 -0.02 0.25 0.27 0.13 -0.03 0.15

Europe2 -0.46 -0.55 0.01 0.14 -0.10 -0.12 -0.18 -0.47 -0.12 -0.20 -0.24 0.01 -0.09 -0.19 -0.05 -0.08

Asia Oceania3 0.37 -0.25 -0.17 -0.23 -0.13 -0.19 -0.01 -0.18 -0.35 -0.32 -0.22 -0.26 -0.19 0.06 -0.04 -0.11

Total OECD -0.49 -0.34 0.16 0.51 0.33 0.17 -0.13 -0.88 -0.59 -0.30 -0.48 -0.01 -0.02 -0.01 -0.12 -0.04

Asia 0.82 0.76 0.74 0.51 0.16 0.54 0.55 0.52 0.53 0.63 0.56 0.64 0.68 0.74 0.67 0.69

Middle East 0.28 0.36 0.18 0.10 0.00 0.16 0.27 0.25 0.16 0.09 0.19 0.09 0.13 0.19 0.29 0.18

Americas 0.21 0.19 0.23 0.24 0.18 0.21 0.20 0.15 0.15 0.08 0.14 0.09 0.11 0.09 0.15 0.11

FSU 0.06 0.03 0.10 0.19 0.20 0.13 0.15 0.17 0.11 0.01 0.11 -0.10 -0.20 -0.25 -0.28 -0.21

Africa 0.20 0.15 0.13 -0.01 -0.05 0.05 0.04 0.07 0.12 0.16 0.10 0.15 0.17 0.18 0.20 0.17

Europe -0.02 -0.03 0.00 0.02 0.03 0.00 0.03 0.01 0.02 0.01 0.02 0.02 0.02 0.00 0.01 0.01

Total Non-OECD 1.55 1.45 1.37 1.03 0.52 1.10 1.24 1.17 1.08 0.99 1.12 0.89 0.91 0.97 1.04 0.95

World 1.05 1.12 1.54 1.54 0.86 1.27 1.11 0.29 0.49 0.69 0.64 0.89 0.89 0.96 0.92 0.92

Revisions to Oil Demand from Last Month's Report (mb/d)

Americas1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.08 -0.02 0.04 -0.05 -0.03 0.00 -0.01

Europe2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.09 0.02 0.04 0.02 0.02 0.00 0.02

Asia Oceania3 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.01 0.03 0.01 0.01 0.01 0.02

Total OECD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.01 0.12 -0.02 0.00 0.00 0.03

Asia 0.00 -0.01 0.00 -0.01 0.00 0.00 0.01 0.00 0.00 0.04 0.01 0.02 0.04 0.05 0.06 0.04

Middle East 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 0.00 0.00 -0.06 -0.04 -0.04 -0.03 -0.04

Americas 0.00 0.01 0.01 0.02 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

FSU 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.01 -0.01 0.01 0.01 0.01 0.01

Africa 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00

Europe 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Non-OECD 0.00 0.00 0.01 0.01 0.00 0.01 0.01 0.01 0.00 0.06 0.02 -0.05 0.02 0.03 0.04 0.01

World 0.00 0.00 0.01 0.01 0.00 0.01 0.00 0.00 0.01 0.11 0.03 0.07 0.00 0.03 0.05 0.04

Revisions to Oil Demand Growth from Last Month's Report (mb/d)

World 0.00 0.00 0.01 0.01 0.00 0.00 0.00 -0.01 0.00 0.11 0.02 0.06 0.00 0.03 -0.06 0.01

1 As of the August 2012 OMR, includes Chile.

2 As of the August 2012 OMR, includes Estonia and Slovenia.

3 As of the August 2012 OMR, includes Israel.

* France, Germany, Italy, Spain and UK

Table 2

SUMMARY OF GLOBAL OIL DEMAND


4 10 FEBRUARY 2015

2013 2014 4Q13 1Q14 2Q14 3Q14 Sep 14 Oct 14 Nov 14 2 Oct 14 Nov 13

Americas3

LPG and ethane 3.34 3.21 3.62 3.54 2.85 2.98 3.05 3.23 3.51 0.28 -0.11

Naphtha 0.38 0.35 0.37 0.36 0.34 0.35 0.34 0.34 0.32 -0.02 -0.05

Motor gasoline 10.55 10.65 10.55 10.21 10.73 10.85 10.51 10.93 10.60 -0.33 -0.03

Jet and kerosene 1.67 1.70 1.66 1.63 1.69 1.76 1.71 1.70 1.72 0.02 0.06

Gasoil/diesel oil 5.08 5.28 5.21 5.44 5.14 5.13 5.20 5.56 5.16 -0.41 -0.03

Residual fuel oil 0.69 0.56 0.57 0.54 0.56 0.57 0.57 0.63 0.59 -0.03 -0.02

Other products 2.38 2.34 2.37 2.15 2.33 2.56 2.67 2.32 2.28 -0.04 -0.24

Total 24.09 24.07 24.35 23.86 23.63 24.20 24.05 24.70 24.17 -0.53 -0.42

Europe4

LPG and ethane 1.04 1.06 0.98 1.01 1.08 1.10 1.10 1.08 1.01 -0.07 0.07

Naphtha 1.18 1.16 1.14 1.31 1.20 1.12 0.99 0.98 1.04 0.05 -0.12

Motor gasoline 1.95 1.92 1.92 1.81 1.97 2.01 1.99 1.97 1.83 -0.14 -0.06

Jet and kerosene 1.22 1.23 1.20 1.11 1.24 1.38 1.34 1.29 1.15 -0.14 -0.05


Residual fuel oil 1.00 0.92 0.94 0.97 0.90 0.92 0.94 0.91 0.96 0.05 0.01

Other products 1.29 1.21 1.27 1.08 1.26 1.33 1.37 1.28 1.19 -0.09 -0.12

Total 13.68 13.43 13.62 13.01 13.40 13.90 14.08 13.96 13.17 -0.80 -0.51

Asia Oceania5

LPG and ethane 0.85 0.82 0.85 0.88 0.82 0.78 0.76 0.75 0.77 0.03 -0.10

Naphtha 1.84 1.87 1.93 1.97 1.74 1.80 1.76 1.84 1.96 0.12 0.00

Motor gasoline 1.61 1.55 1.60 1.54 1.51 1.59 1.56 1.53 1.55 0.02 -0.06

Jet and kerosene 0.89 0.88 1.01 1.13 0.71 0.68 0.72 0.77 0.94 0.17 -0.09

Gasoil/diesel oil 1.76 1.76 1.84 1.82 1.72 1.70 1.73 1.76 1.81 0.05 -0.08

Residual fuel oil 0.76 0.67 0.74 0.83 0.63 0.58 0.56 0.57 0.62 0.05 -0.14

Other products 0.62 0.56 0.63 0.67 0.53 0.55 0.46 0.45 0.51 0.07 -0.15

Total 8.33 8.11 8.60 8.85 7.65 7.67 7.56 7.67 8.18 0.51 -0.60

OECD

LPG and ethane 5.23 5.09 5.46 5.43 4.75 4.86 4.91 5.05 5.29 0.24 -0.14

Naphtha 3.40 3.38 3.44 3.65 3.28 3.27 3.10 3.16 3.32 0.16 -0.17

Motor gasoline 14.11 14.12 14.07 13.56 14.20 14.45 14.06 14.43 13.99 -0.45 -0.15

Jet and kerosene 3.78 3.81 3.87 3.87 3.63 3.82 3.78 3.76 3.80 0.04 -0.08



Other products 4.29 4.11 4.27 3.90 4.12 4.43 4.50 4.04 3.98 -0.06 -0.51

Total 46.09 45.62 46.57 45.72 44.69 45.77 45.69 46.33 45.51 -0.82 -1.53

1 Demand, measured as deliveries from refineries and primary stocks, comprises inland deliveries, international bunkers and refinery fuel. It includes crude for direct burning, oil from

non-conventional sources and other sources of supply. Jet/kerosene comprises jet kerosene and non-aviation kerosene. Gasoil comprises diesel, light heating oil and other gasoils.

North America comprises US 50 states, US territories, Mexico and Canada.

2 Latest official OECD submissions (MOS).




Latest month vs.

Table 2a

OECD REGIONAL OIL DEMAND1

(million barrels per day)


10 FEBRUARY 2015 5

2013 2014 4Q13 1Q14 2Q14 3Q14 Sep 14 Oct 14 Nov 14 2 Oct 14 Nov 13

United States3

LPG and ethane 2.44 2.36 2.71 2.64 2.03 2.21 2.26 2.39 2.61 0.22 -0.08

Naphtha 0.27 0.23 0.26 0.24 0.20 0.23 0.23 0.23 0.23 0.00 -0.03

Motor gasoline 8.84 8.93 8.84 8.53 9.00 9.10 8.78 9.19 8.93 -0.26 0.01

Jet and kerosene 1.44 1.47 1.44 1.41 1.47 1.52 1.49 1.48 1.50 0.02 0.07



Other products 1.82 1.80 1.80 1.62 1.82 2.00 2.10 1.79 1.75 -0.04 -0.18

Total 18.96 19.06 19.26 18.83 18.70 19.17 19.05 19.60 19.21 -0.39 -0.29

JapanLPG and ethane 0.50 0.48 0.50 0.56 0.47 0.43 0.42 0.41 0.47 0.07 -0.04

Naphtha 0.77 0.74 0.82 0.81 0.65 0.68 0.65 0.79 0.82 0.03 -0.02

Motor gasoline 0.96 0.92 0.96 0.92 0.88 0.95 0.92 0.89 0.91 0.02 -0.06

Jet and kerosene 0.54 0.53 0.64 0.77 0.37 0.35 0.39 0.41 0.56 0.15 -0.08

Diesel 0.42 0.41 0.45 0.44 0.41 0.39 0.40 0.40 0.40 0.00 -0.06

Other gasoil 0.40 0.39 0.42 0.46 0.35 0.35 0.37 0.37 0.40 0.03 -0.02


Other products 0.49 0.43 0.49 0.54 0.40 0.40 0.33 0.34 0.39 0.05 -0.13

Total 4.53 4.29 4.72 5.02 3.87 3.88 3.80 3.93 4.30 0.37 -0.50

GermanyLPG and ethane 0.11 0.09 0.10 0.09 0.10 0.10 0.09 0.08 0.07 -0.01 -0.02

Naphtha 0.40 0.42 0.39 0.43 0.41 0.42 0.38 0.39 0.40 0.01 0.00

Motor gasoline 0.43 0.44 0.42 0.41 0.43 0.45 0.45 0.47 0.44 -0.03 0.02

Jet and kerosene 0.19 0.19 0.18 0.17 0.19 0.21 0.20 0.19 0.18 -0.01 0.00

Diesel 0.70 0.73 0.71 0.68 0.71 0.78 0.81 0.82 0.77 -0.05 0.02

Other gasoil 0.42 0.35 0.41 0.38 0.31 0.36 0.40 0.38 0.35 -0.03 -0.06


Other products 0.07 0.05 0.07 0.05 0.06 0.06 0.07 0.05 0.06 0.01 -0.02

Total 2.43 2.39 2.41 2.33 2.32 2.50 2.53 2.52 2.43 -0.09 -0.03

ItalyLPG and ethane 0.11 0.10 0.11 0.10 0.09 0.09 0.10 0.09 0.09 0.00 -0.02

Naphtha 0.08 0.06 0.06 0.07 0.06 0.06 0.05 0.05 0.07 0.02 0.00

Motor gasoline 0.21 0.20 0.22 0.20 0.21 0.21 0.20 0.20 0.19 -0.01 -0.02

Jet and kerosene 0.09 0.10 0.09 0.08 0.10 0.11 0.11 0.10 0.08 -0.02 -0.01

Diesel 0.45 0.48 0.45 0.44 0.48 0.51 0.53 0.55 0.47 -0.07 0.04

Other gasoil 0.11 0.07 0.12 0.08 0.06 0.05 0.05 0.07 0.07 0.00 -0.05


Other products 0.19 0.16 0.20 0.15 0.16 0.16 0.17 0.16 0.14 -0.02 -0.05

Total 1.32 1.23 1.33 1.21 1.22 1.26 1.28 1.28 1.18 -0.10 -0.10

FranceLPG and ethane 0.11 0.10 0.11 0.12 0.09 0.09 0.10 0.11 0.10 -0.01 0.00

Naphtha 0.15 0.15 0.11 0.17 0.16 0.15 0.12 0.10 0.09 -0.01 -0.01

Motor gasoline 0.17 0.17 0.17 0.16 0.18 0.19 0.19 0.18 0.15 -0.02 0.00

Jet and kerosene 0.15 0.15 0.15 0.14 0.15 0.16 0.14 0.15 0.14 -0.01 0.00

Diesel 0.69 0.69 0.70 0.66 0.70 0.71 0.74 0.74 0.65 -0.10 -0.02

Other gasoil 0.29 0.26 0.29 0.28 0.21 0.25 0.30 0.29 0.23 -0.06 -0.05


Other products 0.15 0.14 0.13 0.11 0.14 0.17 0.16 0.15 0.12 -0.03 -0.02

Total 1.77 1.70 1.71 1.69 1.69 1.77 1.78 1.78 1.53 -0.25 -0.13

United KingdomLPG and ethane 0.11 0.11 0.09 0.12 0.12 0.10 0.09 0.10 0.11 0.01 0.02

Naphtha 0.03 0.02 0.02 0.02 0.02 0.03 0.01 0.04 0.02 -0.02 0.00

Motor gasoline 0.31 0.30 0.30 0.29 0.31 0.30 0.30 0.30 0.31 0.01 0.00

Jet and kerosene 0.31 0.31 0.33 0.31 0.30 0.32 0.34 0.32 0.30 -0.02 -0.04

Diesel 0.46 0.48 0.48 0.46 0.49 0.48 0.48 0.48 0.52 0.05 0.01

Other gasoil 0.12 0.12 0.12 0.11 0.12 0.12 0.12 0.12 0.11 -0.01 -0.02


Other products 0.13 0.13 0.12 0.12 0.13 0.13 0.13 0.12 0.12 0.00 0.00

Total 1.51 1.50 1.49 1.47 1.51 1.51 1.51 1.51 1.52 0.02 -0.04

CanadaLPG and ethane 0.45 0.40 0.46 0.44 0.38 0.34 0.36 0.39 0.44 0.06 -0.03

Naphtha 0.09 0.09 0.08 0.09 0.10 0.10 0.09 0.08 0.08 -0.01 0.00

Motor gasoline 0.82 0.84 0.80 0.81 0.85 0.88 0.87 0.85 0.81 -0.04 -0.01

Jet and kerosene 0.10 0.10 0.10 0.10 0.09 0.11 0.10 0.09 0.10 0.00 -0.02

Diesel 0.29 0.29 0.27 0.29 0.29 0.29 0.31 0.32 0.31 -0.01 0.02

Other gasoil 0.31 0.33 0.34 0.34 0.29 0.34 0.36 0.34 0.32 -0.02 -0.03


Other products 0.32 0.31 0.33 0.29 0.29 0.34 0.35 0.31 0.32 0.01 -0.03

Total 2.44 2.41 2.43 2.43 2.34 2.45 2.49 2.43 2.42 -0.01 -0.09

1 Demand, measured as deliveries from refineries and primary stocks, comprises inland deliveries, international bunkers and refinery fuel. It includes crude for direct burning, oil from

non-conventional sources and other sources of supply. Jet/kerosene comprises jet kerosene and non-aviation kerosene. Gasoil comprises diesel, light heating oil and other gasoils.

2 Latest official OECD submissions (MOS).

3 US figures exclude US territories.

Latest month vs.

Table 2b

OIL DEMAND IN SELECTED OECD COUNTRIES1



6 10 FEBRUARY 2015

2013 2014 2015 3Q14 4Q14 1Q15 2Q15 3Q15 Nov 14 Dec 14 Jan 15

OPEC

Crude Oil

Saudi Arabia 9.40 9.53 9.62 9.53 9.51 9.52 9.59

Iran 2.68 2.81 2.79 2.80 2.81 2.84 2.82

Iraq 3.08 3.33 3.22 3.49 3.39 3.73 3.46

UAE 2.76 2.76 2.81 2.75 2.74 2.80 2.82

Kuwait 2.55 2.61 2.65 2.67 2.66 2.67 2.70

Neutral Zone 0.52 0.38 0.38 0.21 0.20 0.20 0.20

Qatar 0.73 0.71 0.72 0.68 0.68 0.67 0.67

Angola 1.72 1.66 1.71 1.72 1.69 1.73 1.76

Nigeria 1.95 1.90 1.89 1.88 1.89 1.86 1.89

Libya 0.90 0.46 0.57 0.67 0.69 0.44 0.34

Algeria 1.15 1.12 1.15 1.13 1.13 1.12 1.10

Ecuador 0.52 0.55 0.56 0.55 0.55 0.55 0.56

Venezuela 2.50 2.46 2.48 2.44 2.44 2.42 2.40

Total Crude Oil 30.46 30.28 30.53 30.52 30.38 30.55 30.31

Total NGLs1

6.26 6.39 6.59 6.45 6.47 6.54 6.59 6.59 6.47 6.47 6.54

Total OPEC 36.72 36.68 36.98 36.99 36.84 37.01 36.85

NON-OPEC2

OECD

Americas6

17.11 18.73 19.35 18.97 19.22 19.45 19.42 19.06 19.09 19.34 19.33

United States5

10.24 11.78 12.41 12.10 12.35 12.42 12.51 12.29 12.31 12.35 12.32

Mexico 2.89 2.78 2.62 2.76 2.66 2.67 2.64 2.59 2.64 2.62 2.66

Canada 3.97 4.15 4.31 4.10 4.20 4.35 4.27 4.18 4.14 4.36 4.34

Chile 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01

Europe7

3.34 3.33 3.40 3.14 3.42 3.47 3.30 3.25 3.41 3.44 3.47

UK 0.89 0.85 0.85 0.71 0.81 0.86 0.83 0.75 0.74 0.82 0.86

Norway 1.84 1.88 1.85 1.86 1.93 1.90 1.78 1.81 1.94 1.92 1.91

Others 0.61 0.60 0.70 0.58 0.69 0.71 0.70 0.70 0.74 0.70 0.71

Asia Oceania8

0.48 0.50 0.54 0.52 0.50 0.52 0.55 0.55 0.49 0.52 0.53

Australia 0.40 0.42 0.46 0.44 0.43 0.45 0.47 0.47 0.42 0.44 0.45

Others 0.08 0.08 0.07 0.08 0.08 0.08 0.08 0.07 0.07 0.08 0.08

Total OECD 20.92 22.56 23.29 22.63 23.15 23.44 23.27 22.87 23.00 23.30 23.33

NON-OECD

Former USSR 13.88 13.90 13.79 13.81 13.93 13.96 13.83 13.70 13.86 14.04 13.97

Russia 10.88 10.93 10.80 10.84 10.97 10.93 10.85 10.71 10.95 10.99 10.95

Others 3.00 2.97 3.00 2.97 2.97 3.03 2.98 2.99 2.91 3.05 3.02

Asia 7.67 7.61 7.64 7.54 7.56 7.61 7.61 7.64 7.64 7.52 7.59

China 4.18 4.19 4.17 4.17 4.13 4.14 4.16 4.18 4.22 4.09 4.14

Malaysia 0.64 0.66 0.70 0.63 0.68 0.69 0.70 0.70 0.67 0.69 0.69

India 0.88 0.87 0.90 0.86 0.89 0.90 0.90 0.90 0.90 0.89 0.90

Indonesia 0.87 0.83 0.79 0.83 0.81 0.81 0.77 0.77 0.81 0.81 0.80

Others 1.10 1.06 1.09 1.05 1.05 1.07 1.08 1.09 1.05 1.06 1.07

Europe 0.14 0.14 0.13 0.14 0.13 0.14 0.13 0.13 0.14 0.14 0.13

Americas 4.18 4.37 4.52 4.43 4.54 4.45 4.56 4.52 4.50 4.55 4.48

Brazil5

2.12 2.33 2.54 2.39 2.48 2.46 2.57 2.54 2.45 2.49 2.49

Argentina 0.63 0.62 0.63 0.62 0.63 0.64 0.63 0.63 0.63 0.63 0.64

Colombia 1.01 0.99 0.93 1.00 1.00 0.94 0.94 0.93 1.00 1.01 0.94

Others 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.41

Middle East3

1.35 1.32 1.26 1.31 1.29 1.28 1.26 1.26 1.29 1.29 1.29

Oman 0.95 0.95 0.93 0.95 0.94 0.94 0.93 0.93 0.94 0.94 0.94

Syria 0.06 0.03 0.03 0.04 0.04 0.03 0.03 0.03 0.03 0.03 0.03

Yemen 0.15 0.15 0.11 0.13 0.13 0.12 0.12 0.11 0.13 0.13 0.12

Others 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.19 0.19

Africa 2.30 2.32 2.31 2.30 2.30 2.34 2.31 2.30 2.30 2.30 2.34

Egypt 0.73 0.70 0.66 0.69 0.68 0.68 0.67 0.66 0.68 0.68 0.68

Gabon 0.24 0.24 0.23 0.23 0.24 0.23 0.23 0.23 0.24 0.24 0.24

Others 1.33 1.38 1.41 1.38 1.39 1.43 1.41 1.41 1.38 1.39 1.43

Total Non-OECD 29.52 29.65 29.66 29.53 29.76 29.78 29.71 29.55 29.73 29.84 29.80

Processing gains4

2.18 2.21 2.22 2.24 2.22 2.22 2.22 2.22 2.22 2.22 2.22

Global Biofuels5

2.01 2.18 2.25 2.50 2.23 1.83 2.26 2.61 2.23 1.94 1.87

TOTAL NON-OPEC 54.63 56.60 57.41 56.91 57.35 57.27 57.46 57.24 57.17 57.29 57.22

TOTAL SUPPLY 91.35 93.28 93.89 94.34 94.01 94.31 94.07

1 Includes condensates reported by OPEC countries, oil from non-conventional sources, e.g. Venezuelan Orimulsion (but not Orinoco extra-heavy oil),

and non-oil inputs to Saudi Arabian MTBE. Orimulsion production reportedly ceased from January 2007.

2 Comprises crude oil, condensates, NGLs and oil from non-conventional sources

3 Includes small amounts of production from Jordan and Bahrain.

4 Net volumetric gains and losses in refining and marine transportation losses.

5 As of the July 2010 OMR, Global Biofuels comprise all world biofuel production including fuel ethanol from the US and Brazil.




Table 3

WORLD OIL PRODUCTION(million barrels per day)


10 FEBRUARY 2015 7

Table 3a

OIL SUPPLY IN OECD COUNTRIES1

(thousand of barrels per day)

2013 2014 2015 3Q14 4Q14 1Q15 2Q15 3Q15 Nov 14 Dec 14 Jan 15

United States

Alaska 515 499 478 432 521 525 480 463 517 546 530

California 596 607 574 614 610 584 577 571 612 610 586

Texas 2542 3100 3529 3197 3333 3461 3517 3557 3297 3431 3444 Federal Gulf of Mexico

21255 1389 1312 1426 1391 1348 1341 1244 1383 1346 1348

Other US Lower 48 2534 2963 3219 3046 3140 3177 3240 3231 3104 3175 3161 NGLs

3 2572 2952 3075 3091 3059 3100 3121 2994 3073 2978 3036

Other Hydrocarbons4

217 221 226 230 227 221 230 227 215 250 218

Total 10232 11733 12413 12035 12287 12416 12506 12287 12201 12351 12323

Canada

Alberta Light/Medium/Heavy 582 588 583 582 585 583 583 583 584 581 584

Alberta Bitumen 1011 1218 1360 1236 1306 1330 1384 1261 1196 1383 1314

Saskatchewan 484 505 478 513 475 476 477 479 475 475 476

Other Crude 344 345 347 327 345 353 348 342 380 350 350

NGLs 641 653 657 617 663 703 636 621 673 690 708

Synthetic Crudes 936 933 999 938 920 1020 957 994 920 970 1020

Total 3974 4153 4311 4103 4203 4351 4265 4179 4138 4359 4342

Mexico

Crude 2522 2415 2260 2398 2306 2301 2277 2229 2284 2270 2307

NGLs 359 356 355 356 348 360 359 355 346 344 346

Total 2891 2784 2623 2764 2662 2670 2644 2591 2639 2622 2661

UK Offshore5

Brent Fields 74 83 69 86 86 82 70 55 87 86 83

Forties Fields 381 338 359 248 366 381 363 311 357 379 381

Ninian Fields 34 29 30 17 38 37 31 23 39 38 37

Flotta Fields 26 26 29 12 33 33 26 25 30 34 34

Other Fields 275 269 261 258 186 227 241 241 122 184 218

NGLs 55 61 57 47 56 60 57 55 59 60 61

Total 790 747 748 620 709 759 731 655 635 721 753

Norway5

Ekofisk-Ula Area 202 222 204 206 210 209 181 208 210 206 212

Oseberg-Troll Area 338 314 273 309 313 303 256 262 318 310 306

Statfjord-Gullfaks Area 315 329 273 353 337 298 267 246 345 286 302

Haltenbanken Area 318 348 408 347 359 412 397 404 340 402 420

Sleipner-Frigg Area 289 255 239 246 248 244 226 239 248 237 246

NGLs 374 408 453 377 459 434 450 448 473 475 420

Total 1838 1883 1850 1856 1926 1900 1775 1807 1935 1916 1905

Other OECD EuropeOther N Sea Crude/NGLs

6195 190 202 189 212 211 199 201 221 213 211

UK Onshore 21 22 21 20 22 22 22 21 23 22 22

Italy 203 211 213 205 221 218 215 211 226 214 220

Turkey 46 48 47 49 48 47 47 47 47 48 47

Other 137 133 121 133 128 124 123 120 131 126 125

NGLs (excl. North Sea) 10 8 4 8 7 3 4 5 10 3 3

Non-Conventional Oils 103 103 202 87 166 202 202 202 203 193 203

Total 716 714 811 691 804 828 811 807 861 819 831

AustraliaGippsland Basin 46 49 43 50 48 46 44 42 48 48 47

Cooper-Eromanga Basin 36 41 34 41 39 37 35 33 39 38 38

Carnarvon Basin 214 173 143 170 162 154 147 140 162 159 157

Other Crude 37 79 152 89 104 131 145 162 99 120 129

NGLs 68 80 91 88 73 79 101 99 72 72 78

Total 401 422 463 437 427 447 472 475 420 437 449

Other OECD Asia OceaniaNew Zealand 35 40 34 40 38 36 35 33 34 41 36

Japan 5 5 4 5 4 4 4 4 4 4 4

NGLs 16 16 15 16 14 16 16 15 14 14 16

Synthetic Fuels 19 20 21 20 21 21 21 21 20 21 21

Total 75 80 74 81 77 78 76 74 72 80 77

OECDCrude Oil 15494 16694 17078 16708 17077 17168 17066 16777 16857 17178 17150

NGLs 4106 4543 4717 4609 4690 4768 4754 4601 4735 4647 4678 Non-Conventional Oils

41323 1323 1492 1317 1379 1507 1453 1488 1404 1478 1505

Total 20923 22560 23287 22634 23146 23443 23272 22866 22996 23303 23334

1 Subcategories refer to crude oil only unless otherwise noted.

2 Only production from Federal waters is included.

3 To the extent possible, condensates from natural gas processing plants are included with NGLs, while field condensates are counted as crude oil.

4 As of the July 2010 OMR, US Other Hydrocarbons no longer includes the production of ethanol.

5 North Sea production is grouped by area including all fields being processed through the named field complex, ie, not just the field of that name.

6 Other North Sea NGLs is included.


8 10 FEBRUARY 2015

RECENT MONTHLY STOCKS2

PRIOR YEARS' STOCKS2

STOCK CHANGES

in Million Barrels in Million Barrels in mb/d

Aug2014 Sep2014 Oct2014 Nov2014 Dec2014* Dec2011 Dec2012 Dec2013 1Q2014 2Q2014 3Q2014 4Q2014

OECD Americas

Crude 511.3 511.9 538.3 543.3 546.1 466.9 503.6 499.5 0.26 0.08 -0.20 0.37

Motor Gasoline 245.1 245.7 236.6 251.9 277.5 259.0 265.7 261.0 -0.02 -0.07 -0.07 0.35

Middle Distillate 198.2 203.2 187.8 193.8 211.6 226.6 211.6 197.4 -0.13 0.06 0.13 0.09

Residual Fuel Oil 46.0 44.4 44.1 44.3 40.4 41.8 42.9 46.1 -0.03 0.01 0.00 -0.04

Total Products3

713.1 719.5 689.0 704.3 728.9 690.7 704.1 671.2 -0.37 0.51 0.38 0.10

Total4

1400.6 1411.1 1409.4 1422.0 1445.6 1308.5 1365.3 1316.0 -0.06 0.78 0.32 0.38

OECD Europe

Crude 301.5 304.7 303.2 295.9 298.4 290.4 306.9 307.8 0.05 0.05 -0.13 -0.07

Motor Gasoline 86.1 86.3 84.0 87.8 87.0 95.4 92.3 87.5 0.05 -0.09 0.04 0.01

Middle Distillate 265.5 265.0 252.8 257.3 253.9 272.5 260.9 249.8 -0.02 -0.01 0.19 -0.12

Residual Fuel Oil 69.2 63.5 63.5 67.1 66.2 75.0 78.4 66.3 -0.06 0.08 -0.05 0.03

Total Products3

516.8 512.7 500.5 510.4 503.3 547.5 535.6 494.3 -0.04 -0.01 0.25 -0.10

Total4

890.4 887.5 875.7 876.7 870.0 905.1 902.2 869.5 0.05 0.04 0.10 -0.19

OECD Asia Oceania

Crude 167.0 164.2 168.5 156.7 153.8 156.4 158.6 144.8 0.28 -0.05 -0.01 -0.11

Motor Gasoline 22.6 22.8 22.3 23.0 20.9 22.5 24.3 23.7 0.02 -0.01 -0.02 -0.02

Middle Distillate 69.4 70.3 67.8 71.0 62.8 61.6 60.4 67.6 -0.13 -0.02 0.18 -0.08

Residual Fuel Oil 24.2 22.9 21.2 20.4 20.7 19.1 19.7 19.3 0.02 0.00 0.02 -0.02

Total Products3

179.6 183.1 179.5 182.3 167.0 165.4 169.8 169.2 -0.10 -0.04 0.28 -0.18

Total4

417.7 421.7 417.9 407.0 384.7 391.7 396.4 381.2 0.20 -0.07 0.32 -0.40

Total OECD

Crude 979.8 980.7 1010.0 995.9 998.3 913.6 969.0 952.1 0.59 0.07 -0.33 0.19

Motor Gasoline 353.8 354.8 342.9 362.6 385.3 376.9 382.2 372.1 0.04 -0.18 -0.06 0.33

Middle Distillate 533.1 538.4 508.4 522.1 528.3 560.7 532.9 514.8 -0.29 0.03 0.50 -0.11

Residual Fuel Oil 139.4 130.8 128.8 131.8 127.4 135.8 141.0 131.7 -0.07 0.09 -0.03 -0.04

Total Products3

1409.6 1415.3 1369.0 1397.0 1399.2 1403.5 1409.5 1334.7 -0.51 0.47 0.91 -0.18

Total4

2708.7 2720.3 2703.0 2705.6 2700.3 2605.3 2663.9 2566.6 0.19 0.75 0.74 -0.22

RECENT MONTHLY STOCKS2

PRIOR YEARS' STOCKS2

STOCK CHANGES

in Million Barrels in Million Barrels in mb/d

Aug2014 Sep2014 Oct2014 Nov2014 Dec2014* Dec2011 Dec2012 Dec2013 1Q2014 2Q2014 3Q2014 4Q2014

OECD Americas

Crude 691.0 691.0 691.0 691.0 691.0 696.0 695.3 696.0 0.00 -0.05 0.00 0.00

Products 1.0 1.0 1.0 1.0 1.0 0.7 1.0 1.0 0.00 0.00 0.00 0.00

OECD Europe

Crude 209.0 208.2 210.6 211.0 211.2 186.7 196.3 205.6 -0.03 0.05 0.00 0.03

Products 258.7 257.3 255.1 255.2 255.6 238.1 238.7 260.1 0.03 -0.05 -0.02 -0.02

OECD Asia Oceania

Crude 387.6 385.7 384.7 385.3 385.9 393.6 393.6 386.6 0.01 0.00 -0.02 0.00

Products 31.0 31.0 31.0 31.5 31.9 20.0 21.0 30.5 0.00 0.00 0.00 0.01

Total OECD

Crude 1287.6 1284.9 1286.2 1287.3 1288.0 1276.2 1285.2 1288.1 -0.01 -0.01 -0.02 0.03

Products 290.7 289.3 287.1 287.8 288.5 258.8 260.7 291.6 0.04 -0.04 -0.02 -0.01

Total4

1582.5 1579.4 1578.0 1579.3 1580.8 1536.3 1547.3 1583.9 0.02 -0.05 -0.02 0.02

* estimated

1 Stocks are primary national territory stocks on land (excluding utility stocks and including pipeline and entrepot stocks where known) and include stocks held by

industry to meet IEA, EU and national emergency reserve commitments and are subject to government control in emergencies.

2 Closing stock levels.

3 Total products includes gasoline, middle distillates, fuel oil and other products.

4 Total includes NGLs, refinery feedstocks, additives/oxygenates and other hydrocarbons.

5 Includes government-owned stocks and stock holding organisation stocks held for emergency purposes.

Table 4

OECD INDUSTRY STOCKS1 AND QUARTERLY STOCK CHANGES

OECD GOVERNMENT-CONTROLLED STOCKS5

AND QUARTERLY STOCK CHANGES


10 FEBRUARY 2015 9

July August September October November

2013 2014 % 2013 2014 % 2013 2014 % 2013 2014 % 2013 2014 %

United States2

Crude 367.9 368.7 0.2 365.7 360.6 -1.4 373.0 360.9 -3.2 381.7 382.0 0.1 373.6 387.5 3.7

Motor gasoline 222.4 217.0 -2.4 217.6 211.8 -2.7 219.8 212.5 -3.3 214.0 203.2 -5.0 216.8 219.1 1.1

Middle distillate 166.7 162.8 -2.3 170.1 165.7 -2.6 172.2 173.1 0.5 158.8 158.6 -0.1 160.1 164.0 2.4

Residual fuel oil 37.8 35.7 -5.6 35.2 37.5 6.5 35.6 36.6 2.8 36.3 36.9 1.7 35.7 36.3 1.7

Other products 179.4 188.0 4.8 187.5 198.4 5.8 187.4 201.5 7.5 174.1 195.5 12.3 161.9 189.1 16.8

Total products 606.3 603.5 -0.5 610.4 613.4 0.5 615.0 623.7 1.4 583.2 594.2 1.9 574.5 608.5 5.9

Other3

147.6 154.4 4.6 150.7 156.6 3.9 149.4 159.4 6.7 149.1 162.8 9.2 145.2 154.8 6.6

Total 1121.8 1126.6 0.4 1126.8 1130.6 0.3 1137.4 1144.0 0.6 1114.0 1139.0 2.2 1093.3 1150.8 5.3

Japan

Crude 98.6 110.8 12.4 90.5 109.5 21.0 96.6 106.8 10.6 94.0 114.6 21.9 96.9 99.8 3.0

Motor gasoline 12.7 10.6 -16.5 13.3 10.5 -21.1 12.2 10.3 -15.6 11.7 10.6 -9.4 11.4 10.6 -7.0

Middle distillate 36.3 31.1 -14.3 41.3 38.1 -7.7 41.0 40.3 -1.7 38.8 40.7 4.9 38.3 42.1 9.9

Residual fuel oil 9.3 10.7 15.1 10.0 11.1 11.0 10.0 11.5 15.0 9.8 9.9 1.0 9.3 10.1 8.6

Other products 40.2 39.3 -2.2 41.1 41.9 1.9 43.3 44.8 3.5 43.2 44.3 2.5 40.8 44.7 9.6

Total products 98.5 91.7 -6.9 105.7 101.6 -3.9 106.5 106.9 0.4 103.5 105.5 1.9 99.8 107.5 7.7

Other3

63.4 60.7 -4.3 63.9 62.2 -2.7 64.4 64.5 0.2 63.5 60.9 -4.1 64.1 59.5 -7.2

Total 260.5 263.2 1.0 260.1 273.3 5.1 267.5 278.2 4.0 261.0 281.0 7.7 260.8 266.8 2.3

Germany

Crude 51.6 51.4 -0.4 49.8 48.3 -3.0 49.9 48.7 -2.4 53.3 49.1 -7.9 49.9 47.4 -5.0

Motor gasoline 9.8 9.7 -1.0 9.9 10.9 10.1 9.2 10.7 16.3 9.8 10.9 11.2 10.6 12.0 13.2

Middle distillate 25.0 23.8 -4.8 24.8 26.3 6.0 23.9 25.8 7.9 23.6 25.9 9.7 25.8 27.7 7.4

Residual fuel oil 9.8 9.0 -8.2 9.4 9.2 -2.1 8.7 9.1 4.6 8.7 9.1 4.6 8.1 9.3 14.8

Other products 11.1 11.3 1.8 11.5 11.7 1.7 11.5 11.4 -0.9 11.0 11.4 3.6 10.9 11.7 7.3

Total products 55.7 53.8 -3.4 55.6 58.1 4.5 53.3 57.0 6.9 53.1 57.3 7.9 55.4 60.7 9.6

Other3

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Total 107.3 105.2 -2.0 105.4 106.4 0.9 103.2 105.7 2.4 106.4 106.4 0.0 105.3 108.1 2.7

Italy

Crude 37.2 38.3 3.0 35.7 38.9 9.0 36.8 38.2 3.8 38.7 37.9 -2.1 38.7 40.5 4.7

Motor gasoline 14.3 12.0 -16.1 14.7 12.8 -12.9 14.8 12.3 -16.9 14.9 11.1 -25.5 14.2 12.4 -12.7

Middle distillate 31.0 29.0 -6.5 33.7 31.1 -7.7 34.6 31.3 -9.5 33.6 27.1 -19.3 34.3 29.8 -13.1

Residual fuel oil 17.3 12.4 -28.3 16.5 12.1 -26.7 16.8 11.4 -32.1 15.3 11.4 -25.5 14.7 11.1 -24.5

Other products 13.7 12.2 -10.9 14.2 13.5 -4.9 13.5 13.7 1.5 13.2 13.2 0.0 13.7 13.4 -2.2

Total products 76.3 65.6 -14.0 79.1 69.5 -12.1 79.7 68.7 -13.8 77.0 62.8 -18.4 76.9 66.7 -13.3

Other3

12.9 16.4 27.1 12.2 16.6 36.1 14.3 16.1 12.6 14.6 16.9 15.8 15.2 16.1 5.9

Total 126.4 120.3 -4.8 127.0 125.0 -1.6 130.8 123.0 -6.0 130.3 117.6 -9.7 130.8 123.3 -5.7

France

Crude 14.4 17.1 18.8 14.4 15.8 9.7 15.8 16.8 6.3 17.5 16.7 -4.6 14.5 13.8 -4.8

Motor gasoline 3.3 3.8 15.2 4.0 4.4 10.0 3.4 4.2 23.5 4.1 4.3 4.9 4.5 4.8 6.7

Middle distillate 19.0 19.7 3.7 18.7 23.2 24.1 17.5 20.8 18.9 15.4 19.1 24.0 17.7 20.7 16.9

Residual fuel oil 2.5 3.5 40.0 2.8 3.9 39.3 2.9 3.4 17.2 2.7 2.9 7.4 2.5 3.2 28.0

Other products 6.2 6.9 11.3 6.2 6.8 9.7 5.9 7.0 18.6 5.7 6.8 19.3 5.6 6.5 16.1

Total products 31.0 33.9 9.4 31.7 38.3 20.8 29.7 35.4 19.2 27.9 33.1 18.6 30.3 35.2 16.2

Other3

10.7 10.5 -1.9 10.6 10.4 -1.9 10.6 10.2 -3.8 11.5 10.1 -12.2 11.4 10.6 -7.0

Total 56.1 61.5 9.6 56.7 64.5 13.8 56.1 62.4 11.2 56.9 59.9 5.3 56.2 59.6 6.0

United Kingdom

Crude 28.9 26.8 -7.3 25.9 29.7 14.7 27.2 28.6 5.1 27.8 26.4 -5.0 27.5 28.3 2.9

Motor gasoline 8.0 8.3 3.8 8.7 8.2 -5.7 8.8 7.9 -10.2 8.3 7.7 -7.2 8.1 8.3 2.5

Middle distillate 22.9 21.5 -6.1 23.6 22.2 -5.9 22.5 22.6 0.4 22.1 22.1 0.0 23.3 22.2 -4.7

Residual fuel oil 1.9 1.6 -15.8 2.1 1.7 -19.0 2.4 1.7 -29.2 2.1 1.4 -33.3 2.3 1.3 -43.5

Other products 5.9 4.7 -20.3 6.4 4.6 -28.1 5.3 4.7 -11.3 5.4 4.5 -16.7 4.7 4.9 4.3

Total products 38.7 36.1 -6.7 40.8 36.7 -10.0 39.0 36.9 -5.4 37.9 35.7 -5.8 38.4 36.7 -4.4

Other3

9.3 9.6 3.2 10.0 10.1 1.0 9.4 9.4 0.0 9.6 9.8 2.1 9.3 10.8 16.1

Total 76.9 72.5 -5.7 76.7 76.5 -0.3 75.6 74.9 -0.9 75.3 71.9 -4.5 75.2 75.8 0.8

Canada4

Crude 105.6 111.1 5.2 108.9 109.3 0.4 109.7 112.2 2.3 108.0 112.9 4.5 105.9 112.8 6.5

Motor gasoline 18.4 19.4 5.4 18.7 18.3 -2.1 17.4 17.9 2.9 17.5 16.8 -4.0 18.0 17.6 -2.2

Middle distillate 19.6 20.3 3.6 22.1 20.4 -7.7 20.8 18.1 -13.0 17.3 17.2 -0.6 18.5 17.7 -4.3

Residual fuel oil 2.9 3.1 6.9 2.8 2.7 -3.6 2.3 1.9 -17.4 2.0 2.4 20.0 2.1 2.6 23.8

Other products 14.9 15.2 2.0 16.4 16.6 1.2 15.5 15.8 1.9 15.7 16.5 5.1 15.0 15.7 4.7

Total products 55.8 58.0 3.9 60.0 58.0 -3.3 56.0 53.7 -4.1 52.5 52.9 0.8 53.6 53.6 0.0

Other3

16.6 18.1 9.0 16.1 19.4 20.5 17.1 20.2 18.1 15.7 19.2 22.3 14.9 19.5 30.9

Total 178.0 187.2 5.2 185.0 186.7 0.9 182.8 186.1 1.8 176.2 185.0 5.0 174.4 185.9 6.6

1 Stocks are primary national territory stocks on land (excluding utilitity stocks and including pipeline and entrepot stocks where known) and include

stocks held by industry to meet IEA, EU and national emergency reserve commitments and are subject to government control in emergencies.

2 US figures exclude US territories.

3 Other includes NGLs, refinery feedstocks, additives/oxygenates and other hydrocarbons.

4 Canadian stock information for recent months is the administration's best estimate. Data are usually finalised three months after first publication.

Table 4a

INDUSTRY STOCKS1 ON LAND IN SELECTED COUNTRIES

(million barrels)


10 10 FEBRUARY 2015

('millions of barrels' and 'days')

3

Stock Days Fwd2

Stock Days Fwd Stock Days Fwd Stock Days Fwd Stock Days Fwd

Level Demand Level Demand Level Demand Level Demand Level Demand

OECD Americas

Canada 170.0 70 174.2 75 178.8 73 186.1 - - -

Chile 9.8 30 9.5 30 10.6 33 10.1 - - -

Mexico 48.7 25 47.6 24 47.3 24 48.8 - - -

United States4

1762.4 94 1754.0 94 1814.7 95 1836.0 - - -

Total4 2013.0 84 2007.5 85 2073.5 86 2103.0 86 2137.5 89

OECD Asia Oceania

Australia 36.8 34 36.8 34 36.3 34 38.6 - - -

Israel - - - - - - - - - -

Japan 575.3 115 585.8 151 585.1 151 604.1 - - -

Korea 177.8 75 186.5 80 180.3 77 186.7 - - -

New Zealand 8.3 50 8.2 55 9.3 63 9.0 - - -

Total 798.3 90 817.4 107 811.0 106 838.4 101 802.4 93

OECD Europe5

Austria 21.6 91 22.7 85 21.1 76 21.5 - - -

Belgium 41.0 66 42.5 70 43.7 70 43.8 - - -

Czech Republic 20.0 110 19.3 95 18.9 88 19.5 - - -

Denmark 23.7 157 19.6 126 23.1 146 22.4 - - -

Estonia 1.6 55 1.7 56 1.7 50 1.8 - - -

Finland 39.0 211 37.9 194 39.0 191 38.7 - - -

France 167.5 99 167.2 99 168.1 95 171.3 - - -

Germany 289.9 124 289.2 125 291.7 117 286.9 - - -

Greece 25.6 101 24.9 92 25.6 83 29.7 - - -

Hungary 16.2 129 16.0 115 16.2 114 16.7 - - -

Ireland 10.0 70 11.0 80 9.6 69 10.0 - - -

Italy 125.1 104 122.5 100 121.6 96 123.0 - - -

Luxembourg 0.7 13 0.7 12 0.8 15 0.8 - - -

Netherlands 115.5 121 122.5 119 127.4 131 126.8 - - -

Norway 28.7 123 28.6 121 27.4 121 24.5 - - -

Poland 60.4 129 60.2 119 58.5 109 61.1 - - -

Portugal 23.1 105 23.8 98 22.5 87 21.4 - - -

Slovak Republic 8.8 127 9.6 136 8.8 108 8.9 - - -

Slovenia 4.7 103 4.9 102 4.8 92 4.8 - - -

Spain 111.6 93 117.4 99 118.2 97 122.7 - - -

Sweden 28.2 104 27.5 90 26.4 82 27.3 - - -

Switzerland 35.9 165 36.4 159 36.2 146 37.0 - - -

Turkey 62.3 98 62.7 87 62.5 84 62.6 - - -

United Kingdom 78.0 53 76.6 51 75.2 50 74.9 - - -

Total 1339.3 103 1345.3 100 1349.0 97 1358.2 101 1341.1 103

Total OECD 4150.5 91 4170.2 93 4233.5 93 4299.6 93 4281.1 94

DAYS OF IEA Net Imports6 - 157 - 157 - 169 - 172 - -

1 Total Stocks are industry and government-controlled stocks (see breakdown in table below). Stocks are primary national territory stocks on land (excluding utility stocks

and including pipeline and entrepot stocks where known) they include stocks held by industry to meet IEA, EU and national emergency reserves commitments and are

subject to government control in emergencies.

2 Note that days of forward demand represent the stock level divided by the forward quarter average daily demand and is very different from the days of net

imports used for the calculation of IEA Emergency Reserves.

3 End December 2014 forward demand figures are IEA Secretariat forecasts.

4 US figures exclude US territories. Total includes US territories.

5 Data not available for Iceland.

6 Reflects stock levels and prior calendar year's net imports adjusted according to IEA emergency reserve definitions (see www.iea.org/netimports.asp).

Net exporting IEA countries are excluded.

TOTAL OECD STOCKS

CLOSING STOCKS Total Industry Total Industry

4Q2011 4142 1536 2605 90 33 56

1Q2012 4193 1536 2657 92 34 59

2Q2012 4226 1539 2687 92 34 59

3Q2012 4271 1542 2728 92 33 59

4Q2012 4211 1547 2664 92 34 58

1Q2013 4246 1581 2665 93 35 58

2Q2013 4237 1577 2660 91 34 57

3Q2013 4277 1582 2696 92 34 58

4Q2013 4151 1584 2567 91 35 56

1Q2014 4170 1586 2584 93 35 58

2Q2014 4233 1581 2652 93 35 58

3Q2014 4300 1579 2720 93 34 59

4Q2014 4281 1581 2700 94 35 59

1 Includes government-owned stocks and stock holding organisation stocks held for emergency purposes.

2 Days of forward demand calculated using actual demand except in 4Q2014 (when latest forecasts are used).

Table 5

TOTAL STOCKS ON LAND IN OECD COUNTRIES1

controlled

Days of Fwd. Demand2

End December 2014End March 2014 End December 2013 End June 2014 End September 2014

Millions of Barrels

Government1

controlled

Government1


10 FEBRUARY 2015 11

2011 2012 2013 4Q13 1Q14 2Q14 3Q14 Sep 14 Oct 14 Nov 14 Nov 13 change

Saudi Light & Extra Light

Americas 0.69 0.76 0.74 0.76 0.79 0.75 0.47 0.56 0.67 0.56 0.78 -0.22

Europe 0.83 0.85 0.79 0.77 0.73 0.87 0.93 1.00 0.83 0.71 0.82 -0.11

Asia Oceania 1.24 1.26 1.21 1.25 1.27 1.17 1.08 1.11 1.14 1.09 1.32 -0.23

Saudi Medium

Americas 0.37 0.44 0.45 0.47 0.44 0.40 0.36 0.31 0.20 0.31 0.49 -0.18

Europe 0.02 0.05 0.01 0.02 0.01 0.01 0.05 0.11 0.05 0.01 0.02 -0.02

Asia Oceania 0.40 0.45 0.43 0.45 0.45 0.40 0.50 0.47 0.55 0.46 0.40 0.06

Iraqi Basrah Light2

Americas 0.29 0.49 0.38 0.31 0.37 0.33 0.49 0.29 0.25 0.26 0.30 -0.03

Europe 0.11 0.26 0.25 0.22 0.29 0.51 0.50 0.52 0.72 0.72 0.22 0.50

Asia Oceania 0.34 0.33 0.31 0.24 0.28 0.20 0.21 0.23 0.18 0.27 0.25 0.02

Kuwait Blend

Americas 0.08 0.22 0.28 0.30 0.33 0.29 0.25 0.17 0.27 0.11 0.26 -0.15

Europe 0.08 0.09 0.10 0.07 0.07 0.12 0.04 0.00 0.22 0.09 0.02 0.06

Asia Oceania 0.57 0.65 0.64 0.65 0.71 0.56 0.62 0.62 0.61 0.49 0.59 -0.10

Iranian Light

Americas - - - - - - - - - - - -

Europe 0.23 0.12 0.08 0.05 0.10 0.06 0.11 0.11 0.15 0.11 0.04 0.07

Asia Oceania 0.04 0.02 0.00 - 0.01 - 0.03 0.03 - - - -

Iranian Heavy3

Americas - - - - - - - - - - - -

Europe 0.55 0.16 0.03 0.03 0.00 0.04 0.01 - - - 0.04 -

Asia Oceania 0.51 0.33 0.30 0.24 0.33 0.26 0.28 0.31 0.23 0.30 0.21 0.09

Venezuelan 22 API and heavier

Americas 0.76 0.69 0.61 0.62 0.62 0.62 0.71 0.69 0.50 0.63 0.56 0.08

Europe 0.05 0.08 0.07 0.04 0.08 0.08 0.09 0.07 0.09 0.08 0.09 -0.01

Asia Oceania - - - - - - - - - - - -

Mexican Maya

Americas 0.82 0.73 0.70 0.79 0.64 0.66 0.67 0.65 0.65 0.72 0.79 -0.06

Europe 0.12 0.14 0.14 0.13 0.15 0.13 0.13 0.13 0.11 0.10 0.13 -0.03

Asia Oceania - - - - - - - - - - - -

Canada Heavy

Americas 1.25 1.41 1.49 1.53 1.56 1.67 1.81 1.93 1.69 1.70 1.55 0.15

Europe - - - - 0.00 0.01 - - - 0.02 - -

Asia Oceania 0.00 - - - - - 0.00 0.01 0.00 - - -

BFOE

Americas 0.06 0.02 0.03 0.01 0.02 - - - - 0.02 - -

Europe 0.64 0.55 0.47 0.46 0.53 0.58 0.53 0.58 0.60 0.52 0.48 0.04

Asia Oceania 0.02 0.07 0.06 0.05 0.16 0.07 - - - 0.11 - -

Russian Urals

Americas 0.01 0.00 0.00 - - - - - - - - -

Europe 1.69 1.86 1.79 1.76 1.74 1.68 1.53 1.42 1.59 1.32 1.62 -0.30

Asia Oceania - - - - - - - - - - - -

Kazakhstan

Americas 0.06 0.07 0.06 0.05 0.02 - - - - - 0.03 -

Europe 0.62 0.53 0.59 0.57 0.60 0.71 0.58 0.64 0.60 0.65 0.55 0.09

Asia Oceania - - 0.00 - 0.02 0.01 0.05 0.07 - - - -

Libya Light and Medium

Americas - 0.03 0.00 - - - - - - - - -

Europe 0.29 0.88 0.57 0.22 0.23 0.13 0.34 0.69 0.59 0.58 0.19 0.39

Asia Oceania 0.01 0.04 0.03 0.02 - 0.02 0.03 0.02 0.03 0.02 0.06 -0.04

Nigerian Light4

Americas 0.53 0.24 0.07 - 0.01 - - - - - - -

Europe 0.45 0.58 0.53 0.57 0.58 0.51 0.59 0.51 0.55 0.48 0.50 -0.02

Asia Oceania 0.05 0.04 0.03 0.02 0.03 0.04 0.03 0.01 0.01 0.00 - -

1 Data based on monthly submissions from IEA countries to the crude oil import register (in '000 bbl), subject to availability. May differ from Table 8 of the Report.

IEA Americas includes United States and Canada.

IEA Europe includes all countries in OECD Europe except Estonia, Hungary and Slovenia.

IEA Asia Oceania includes Australia, New Zealand, Korea and Japan.

2 Iraqi Total minus Kirkuk.

3 Iranian Total minus Iranian Light.

4 33° API and lighter (e.g., Bonny Light, Escravos, Qua Iboe and Oso Condensate).

Table 6

IEA MEMBER COUNTRY DESTINATIONS OF SELECTED CRUDE STREAMS1


Year Earlier


12 10 FEBRUARY 2015

2011 2012 2013 4Q13 1Q14 2Q14 3Q14 Sep 14 Oct 14 Nov 14 Nov 13 % change

Crude Oil

Americas 6870 6101 5130 4670 4385 4331 4336 4084 3793 3813 4536 -16%

Europe 8988 9346 8926 8404 8201 8480 9006 9157 9242 8618 8258 4%

Asia Oceania 6609 6761 6553 6519 6954 5931 6315 6308 6083 6048 6718 -10%

Total OECD 22468 22208 20608 19593 19540 18742 19657 19549 19118 18479 19512 -5%

LPG

Americas 30 20 17 14 19 9 7 9 11 16 10 54%

Europe 318 287 382 412 386 410 475 520 479 430 372 15%

Asia Oceania 568 620 546 517 544 532 520 475 554 448 519 -14%

Total OECD 916 927 945 943 949 950 1002 1004 1044 893 901 -1%

Naphtha

Americas 42 20 17 11 28 23 16 13 21 10 9 6%

Europe 298 381 313 324 341 360 301 301 326 336 253 33%

Asia Oceania 884 900 927 949 1040 891 912 999 1016 960 1001 -4%

Total OECD 1224 1301 1257 1285 1409 1275 1228 1314 1362 1305 1264 3%

Gasoline3

Americas 762 730 659 583 567 769 660 567 687 592 528 12%

Europe 222 212 106 92 150 124 113 186 138 66 112 -41%

Asia Oceania 95 86 83 72 89 95 70 92 83 78 76 2%

Total OECD 1079 1028 848 747 805 988 843 844 907 736 716 3%

Jet & Kerosene

Americas 77 73 81 99 81 121 94 140 98 106 100 7%

Europe 397 398 447 511 377 457 583 620 413 451 509 -11%

Asia Oceania 58 62 74 82 57 50 43 51 101 65 76 -15%

Total OECD 532 533 602 693 514 628 720 810 612 622 685 -9%

Gasoil/Diesel

Americas 72 59 58 21 200 62 41 54 68 54 27 97%

Europe 1044 984 1120 1278 1092 1094 1172 1267 958 907 1226 -26%

Asia Oceania 147 185 162 170 152 221 175 180 211 144 193 -25%

Total OECD 1263 1227 1340 1468 1444 1377 1388 1501 1237 1105 1446 -24%

Heavy Fuel Oil

Americas 268 206 165 155 127 132 134 140 190 114 180 -37%

Europe 537 521 552 539 600 650 666 644 476 622 631 -1%

Asia Oceania 153 224 242 290 304 205 183 165 150 159 288 -45%

Total OECD 958 951 960 985 1030 986 984 949 816 894 1099 -19%

Other Products

Americas 871 813 812 746 619 728 682 637 595 606 727 -17%

Europe 700 636 790 803 752 789 699 682 697 611 721 -15%

Asia Oceania 367 357 386 383 464 355 372 307 298 344 402 -14%

Total OECD 1938 1806 1988 1932 1835 1873 1754 1626 1590 1561 1850 -16%

Total Products

Americas 2122 1921 1810 1629 1640 1844 1633 1560 1669 1497 1582 -5%

Europe 3516 3419 3710 3959 3697 3884 4010 4220 3486 3423 3825 -11%

Asia Oceania 2272 2433 2421 2464 2649 2349 2276 2269 2413 2198 2554 -14%

Total OECD 7910 7773 7940 8052 7987 8077 7919 8049 7568 7117 7961 -11%

Total Oil

Americas 8993 8022 6940 6300 6025 6175 5969 5644 5462 5310 6117 -13%

Europe 12504 12765 12635 12363 11899 12364 13016 13377 12728 12041 12083 0%

Asia Oceania 8881 9194 8973 8982 9604 8280 8590 8577 8496 8245 9272 -11%

Total OECD 30378 29982 28549 27646 27527 26819 27575 27598 26686 25596 27473 -7%

1 Based on Monthly Oil Questionnaire data submitted by OECD countries in tonnes and converted to barrels.

2 Excludes intra-regional trade.

3 Includes additives.

Year Earlier

Table 7

REGIONAL OECD IMPORTS1,2

(thousand barrels per day)


10 FEBRUARY 2015 13

Year Earlier


Crude Oil

Americas 6642 5972 4938 4493 4265 4255 4310 4084 3777 3796 4393 -14%

Europe 8820 9148 8683 8176 7903 8159 8696 8906 8964 8407 8011 5%

Asia Oceania 6587 6646 6488 6468 6782 5848 6308 6286 6050 5925 6718 -12%

Total OECD 22049 21766 20109 19137 18951 18262 19313 19276 18791 18129 19122 -5%

LPG

Americas 27 10 13 14 16 5 6 8 10 14 10 42%

Europe 300 272 328 325 335 358 382 403 391 350 303 16%

Asia Oceania 565 602 516 480 494 458 463 430 441 387 478 -19%

Total OECD 892 883 857 819 846 821 851 841 843 751 790 -5%

Naphtha

Americas 29 10 6 5 15 11 8 5 6 2 4 -57%

Europe 291 371 301 302 333 350 300 298 299 320 221 45%

Asia Oceania 861 860 861 885 870 854 820 846 891 871 918 -5%

Total OECD 1181 1240 1169 1192 1218 1216 1128 1149 1196 1192 1144 4%

Gasoline3

Americas 248 223 235 182 130 241 231 191 254 200 167 19%

Europe 215 198 100 81 129 120 109 182 135 64 109 -42%

Asia Oceania 95 84 82 72 86 95 70 92 83 78 76 2%

Total OECD 558 505 417 334 345 456 410 465 472 341 353 -3%

Jet & Kerosene

Americas 40 32 32 42 63 48 42 57 30 55 47 19%

Europe 359 341 393 433 363 368 451 488 339 405 467 -13%

Asia Oceania 58 62 74 82 57 50 43 51 101 65 76 -15%

Total OECD 456 435 499 557 482 465 536 595 469 525 589 -11%

Gasoil/Diesel

Americas 49 41 39 17 159 55 19 32 52 30 23 33%

Europe 762 662 780 725 784 747 757 841 707 655 640 2%

Asia Oceania 147 185 162 169 151 221 175 180 211 144 192 -25%

Total OECD 958 888 981 911 1094 1023 951 1053 969 830 855 -3%

Heavy Fuel Oil

Americas 235 181 139 123 93 90 117 125 160 107 149 -28%

Europe 505 486 528 526 581 619 639 629 432 578 625 -8%

Asia Oceania 151 221 231 261 260 168 158 119 150 159 258 -38%

Total OECD 891 888 897 910 934 878 914 873 742 843 1032 -18%

Other Products

Americas 684 665 653 581 466 519 545 502 455 385 575 -33%

Europe 558 502 681 679 627 648 584 580 574 474 604 -22%

Asia Oceania 288 278 306 303 375 275 284 249 222 252 309 -18%

Total OECD 1530 1445 1640 1563 1468 1442 1414 1331 1251 1111 1488 -25%

Total Products

Americas 1313 1161 1117 962 942 970 968 920 967 793 974 -19%

Europe 2989 2832 3111 3071 3152 3210 3221 3421 2877 2845 2969 -4%

Asia Oceania 2164 2291 2233 2253 2293 2121 2014 1966 2099 1955 2307 -15%

Total OECD 6466 6284 6461 6286 6387 6302 6203 6307 5943 5593 6251 -11%

Total Oil

Americas 7955 7133 6055 5455 5208 5225 5278 5004 4743 4589 5367 -15%

Europe 11809 11980 11794 11247 11055 11369 11917 12327 11841 11252 10980 2%

Asia Oceania 8751 8938 8721 8721 9075 7970 8322 8253 8149 7881 9025 -13%

Total OECD 28516 28050 26570 25423 25338 24564 25516 25583 24733 23722 25373 -7%


2 Excludes intra-regional trade

3 Includes additives

Table 7a

REGIONAL OECD IMPORTS FROM NON-OECD COUNTRIES1,2



14 10 FEBRUARY 2015

Year Earlier


Crude Oil

Americas 228 129 192 178 120 76 27 0 16 17 143 -88%

Europe 169 198 243 228 298 320 310 252 278 212 247 -14%

Asia Oceania 22 115 65 50 172 83 7 22 32 122 0 na

Total OECD 418 442 499 456 589 479 343 273 327 351 389 -10%

LPG

Americas 3 11 4 0 3 3 0 1 1 1 0 na

Europe 18 15 55 87 51 52 94 118 87 80 70 14%

Asia Oceania 3 18 30 37 50 74 57 45 113 61 41 49%

Total OECD 24 44 88 124 103 129 151 164 201 142 111 28%

Naphtha

Americas 13 11 11 7 12 12 7 8 15 8 5 53%

Europe 6 10 12 22 8 10 2 2 27 16 32 -50%

Asia Oceania 24 40 66 64 170 37 91 154 125 89 82 8%

Total OECD 43 61 89 93 191 59 100 164 167 113 120 -6%

Gasoline3

Americas 514 507 424 402 436 528 429 376 433 392 361 9%

Europe 7 14 6 11 21 4 3 4 3 3 3 9%

Asia Oceania 0 2 1 0 3 0 0 0 0 0 0 na

Total OECD 522 523 431 412 460 531 432 380 436 395 363 9%

Jet & Kerosene

Americas 37 42 49 57 18 73 52 82 68 51 53 -3%

Europe 39 56 54 79 14 89 132 132 74 46 43 8%

Asia Oceania 0 0 0 0 0 0 0 0 0 0 0 na

Total OECD 76 98 103 136 32 163 184 215 143 97 96 2%

Gasoil/Diesel

Americas 23 18 19 4 41 7 22 23 17 24 4 426%

Europe 283 322 339 553 308 347 416 425 251 252 587 -57%

Asia Oceania 0 0 0 0 1 0 0 0 0 0 0 -100%

Total OECD 306 339 358 557 350 354 438 448 268 275 591 -53%

Heavy Fuel Oil

Americas 33 26 27 32 34 42 17 15 30 7 32 -77%

Europe 32 35 24 13 19 30 27 15 44 44 6 685%

Asia Oceania 2 3 11 29 44 36 25 46 0 0 30 -100%

Total OECD 67 64 62 75 96 108 70 76 74 51 67 -24%

Other Products

Americas 186 148 159 165 153 209 137 135 140 221 152 45%

Europe 142 134 109 125 125 142 115 102 123 137 117 17%

Asia Oceania 79 79 80 80 89 80 88 58 76 92 93 -1%

Total OECD 407 361 348 369 367 431 340 295 339 450 362 24%

Total Products

Americas 809 761 693 667 697 874 665 641 702 704 607 16%

Europe 527 587 599 888 545 674 789 798 609 578 856 -33%

Asia Oceania 108 142 188 211 357 227 261 302 314 242 247 -2%

Total OECD 1444 1490 1480 1766 1599 1775 1715 1742 1626 1524 1710 -11%

Total Oil

Americas 1037 890 885 845 817 950 692 641 719 721 750 -4%

Europe 695 785 842 1117 843 994 1099 1050 888 789 1103 -28%

Asia Oceania 130 257 252 261 529 310 268 324 347 364 247 48%

Total OECD 1862 1932 1979 2222 2189 2255 2059 2015 1953 1875 2100 -11%


2 Excludes intra-regional trade

3 Includes additives

Table 7b

INTER-REGIONAL OECD TRANSFERS1,2



10 FEBRUARY 2015 15

Year Earlier


OECD Americas3

Venezuela 1143 989 823 821 789 811 891 838 694 824 820 3

Other Central & South America 1086 1022 913 770 829 791 969 992 1050 935 760 174

North Sea 220 123 187 175 117 76 21 - 16 17 135 -118

Other OECD Europe - 1 2 2 3 - - - - - 7 -

Non-OECD Europe - - - - - - 6 9 - - - -

Former Soviet Union 339 135 79 55 12 30 71 24 127 36 22 14

Saudi Arabia 1285 1453 1432 1564 1508 1333 1103 1065 883 1014 1643 -629

Kuwait 196 315 335 364 398 351 298 242 310 139 408 -269

Iran - - - - - - - - - - - -

Iraq 501 570 406 291 334 450 487 339 235 408 187 221

Oman 41 10 3 - - - - - - - - -

United Arab Emirates 7 - 2 9 - 11 40 31 - - - -

Other Middle East 14 - - - - - - - - - - -West Africa

21450 815 565 333 214 333 233 317 243 263 254 9

Other Africa 386 420 234 155 100 92 136 152 173 124 125 -1

Asia 54 41 42 46 29 40 50 43 31 22 47 -25

Other 147 208 106 85 53 13 31 32 31 32 127 -96

Total 6870 6101 5130 4670 4385 4331 4336 4084 3793 3813 4536 -722

of which Non-OECD 6642 5972 4938 4493 4265 4255 4310 4084 3777 3796 4393 -597

OECD Europe4

Canada 20 14 54 56 86 94 54 21 80 47 56 -9

Mexico + USA 149 184 188 172 212 226 255 231 199 165 191 -26

Venezuela 98 129 98 49 122 134 149 123 121 86 110 -24


Non-OECD Europe 10 17 26 27 16 23 19 15 22 5 9 -4

Former Soviet Union 4390 4202 4121 3969 3948 3846 3780 3733 3705 3553 3696 -143

Saudi Arabia 865 1015 931 941 769 937 1012 1120 1063 931 1015 -84

Kuwait 81 83 108 87 59 111 51 34 38 26 93 -68

Iran 784 282 106 91 108 102 122 108 148 106 81 26

Iraq 428 503 487 460 414 479 513 528 814 782 477 305

Oman 4 2 3 - - - - - - - - -

United Arab Emirates 18 - 6 2 - 11 16 - - - 4 -

Other Middle East 124 2 2 0 - 2 - - 4 - - -West Africa

2977 1201 1281 1279 1249 1324 1530 1508 1372 1367 1292 74

Other Africa 901 1541 1339 1066 959 944 1200 1415 1277 1252 995 257

Asia 2 11 0 0 - 7 4 10 - - 1 -

Other 6 -25 1 -4 80 9 26 -7 170 34 10 24

Total 8988 9346 8926 8404 8201 8480 9006 9157 9242 8618 8258 360

of which Non-OECD 8820 9148 8683 8176 7903 8159 8696 8906 8964 8407 8011 396

OECD Asia Oceania5

Canada 1 - - - - - 3 8 4 - - -

Mexico + USA - - - - 6 17 4 13 28 9 - -

Venezuela - 6 13 22 - 10 - - - 31 - -


North Sea 21 115 65 50 166 66 - - - 113 - -

Other OECD Europe - - - - - - - - - - - -

Non-OECD Europe - - - - - - - - - - - -

Former Soviet Union 284 278 402 437 474 418 410 518 441 444 359 85

Saudi Arabia 1940 1989 1912 1978 2003 1834 1815 1892 1928 1844 2041 -197

Kuwait 598 663 654 688 710 576 639 641 637 516 630 -114

Iran 496 319 274 217 270 215 245 266 157 225 176 48

Iraq 338 325 306 236 211 181 212 226 182 267 249 18

Oman 122 131 88 74 75 57 89 64 23 24 93 -69

United Arab Emirates 1169 1085 1216 1263 1186 1157 1257 1113 1274 1136 1393 -256

Other Middle East 585 625 595 598 620 537 602 620 642 529 726 -197West Africa

2112 201 157 139 219 185 126 166 41 83 135 -52

Other Africa 68 71 62 62 45 63 64 58 55 59 75 -16

Non-OECD Asia 608 677 540 457 498 547 487 482 367 546 475 71

Other 247 252 244 271 429 52 275 164 210 112 341 -229

Total 6609 6761 6553 6519 6954 5931 6315 6308 6083 6048 6718 -670

of which Non-OECD 6587 6646 6488 6468 6782 5848 6308 6286 6050 5925 6718 -793

Total OECD Trade 22468 22208 20608 19593 19540 18742 19657 19549 19118 18479 19512 -1033

of which Non-OECD 22049 21766 20109 19137 18951 18262 19313 19276 18791 18129 19122 -994

1 Based on Monthly Oil Questionnaire data submitted by OECD countries in tonnes, and converted to barrels at 7.37 barrels per tonne. Data will differ from Table 6

which is based on submissions in barrels.

2 West Africa includes Angola,Nigeria,Gabon,Congo and Democratic Republic of Congo.

3 As of the August 2012 OMR includes Chile.

4 As of the August 2012 OMR includes Estonia and Slovenia.

5 As of the August 2012 OMR includes Israel.

Table 8

REGIONAL OECD CRUDE IMPORTS BY SOURCE1



16 10 FEBRUARY 2015

Year Earlier


OECD Americas3

Venezuela 33 19 23 15 18 24 31 23 56 31 5 26

Other Central & South America 45 72 59 64 16 38 25 30 20 23 87 -64

ARA (Belgium Germany Netherlands) 133 174 156 136 208 190 161 146 228 154 106 48

Other Europe 376 332 259 262 229 330 264 233 204 238 252 -14

FSU 63 43 53 32 35 61 57 49 67 43 13 30

Saudi Arabia 18 14 5 - 3 10 10 11 10 10 - -

Algeria 8 1 1 1 - - 0 - 0 1 - -

Other Middle East & Africa 35 33 33 30 27 30 35 26 37 34 30 4

Singapore 1 2 13 21 2 - - - - - 29 -

OECD Asia Oceania 8 4 10 3 - 9 5 - 5 - 3 -

Non-OECD Asia (excl. Singapore) 43 33 48 17 29 77 70 51 60 55 3 51

Other 1 4 0 - - 1 1 - - 3 - -

Total2 762 730 659 583 567 769 660 567 687 592 528 64

of which Non-OECD 248 223 235 182 130 241 231 191 254 200 167 32

OECD Europe4

OECD Americas 7 13 5 10 19 3 3 4 2 3 3 0

Venezuela 7 6 4 4 4 2 2 - - - 1 -

Other Central & South America 4 3 1 4 9 12 11 1 8 7 - -

Non-OECD Europe 15 11 15 6 13 27 23 21 10 11 5 6

FSU 23 15 17 22 30 39 37 30 23 25 41 -16

Saudi Arabia 11 11 5 7 4 3 2 1 1 - 8 -

Algeria 1 1 0 1 1 4 0 - 1 - 1 -

Other Middle East & Africa 18 16 21 20 21 4 2 1 1 3 18 -15

Singapore 2 3 2 2 3 2 2 3 - - 3 -

OECD Asia Oceania 0 1 0 0 2 0 0 - 1 - - -

Non-OECD Asia (excl. Singapore) 0 2 0 - 6 - 3 11 - - - -

Other 134 130 33 16 40 28 25 113 90 18 34 -15

Total2 222 212 106 92 150 124 113 186 138 66 112 -46

of which Non-OECD 215 198 100 81 129 120 109 182 135 64 109 -46

OECD Asia Oceania5

OECD Americas 0 0 1 - 3 - - - - - - -

Venezuela - - - - - - - - - - - -

Other Central & South America - - - - - - - - - - - -

ARA (Belgium Germany Netherlands) - 2 - - - - - - - - - -

Other Europe - - - - - - - - - - - -

FSU - - - - - - - - - - - -

Saudi Arabia 1 1 1 2 1 0 1 1 0 1 2 -1

Algeria - - - - - - - - - - - -

Other Middle East & Africa - - - - - - - - - - - -

Singapore 67 58 55 47 51 69 37 42 40 49 53 -4

Non-OECD Asia (excl. Singapore) 6 3 5 2 13 5 12 28 22 7 - -

Other 21 22 21 20 21 21 20 21 20 21 21 0

Total2 95 86 83 72 89 95 70 92 83 78 76 2

of which Non-OECD 95 84 82 72 86 95 70 92 83 78 76 2

Total OECD Trade2 1079 1028 848 747 805 988 843 844 907 736 716 20

of which Non-OECD 558 505 417 334 345 456 410 465 472 341 353 -12

1 Based on Monthly Oil Questionnaire data submitted by OECD countries in tonnes.

2 Total figure excludes intra-regional trade.




Table 9

REGIONAL OECD GASOLINE IMPORTS BY SOURCE1



10 FEBRUARY 2015 17


OECD Americas3

Venezuela 6 6 0 - 3 4 1 - 7 - - -

Other Central and South America 5 3 10 11 13 12 6 14 5 5 21 -16

ARA (Belgium Germany Netherlands) 2 1 4 1 32 2 3 - 3 - 1 -

Other Europe 4 8 10 2 8 3 5 16 - 7 3 4

FSU 9 6 13 5 102 13 4 11 34 23 1 22

Saudi Arabia - - - - 7 12 3 1 1 2 - -

Algeria 0 - - - - - - - - - - -

Other Middle East and Africa 1 1 2 0 14 3 - - 0 - 0 -

Singapore 4 0 2 0 1 1 - - 3 - 0 -

OECD Asia Oceania 17 8 5 1 1 1 13 6 13 17 0 16

Non-OECD Asia (excl. Singapore) 0 2 1 1 20 10 5 6 - - - -

Other 23 23 11 - 0 0 0 - 1 - - -

Total2 72 59 58 21 200 62 41 54 68 54 27 27

of which Non-OECD 49 41 39 17 159 55 19 32 52 30 23 7

OECD Europe4

OECD Americas 250 300 304 480 272 293 367 357 210 179 550 -371

Venezuela 11 2 0 - - 3 5 8 - - - -

Other Central and South America 15 14 8 5 4 16 18 15 24 43 5 38

Non-OECD Europe 68 36 26 22 23 42 44 61 45 71 25 46

FSU 475 435 560 486 628 585 502 487 563 534 501 34

Saudi Arabia 2 1 3 6 4 7 21 57 17 25 10 15

Algeria - - - - - - - - - - - -

Other Middle East and Africa 27 23 44 63 37 24 42 54 59 57 90 -33

Singapore 20 13 13 15 19 10 11 5 - 7 22 -15


Non-OECD Asia (excl. Singapore) 118 106 111 158 92 51 68 82 133 61 130 -69

Other 25 32 16 -32 -24 8 46 72 -135 -143 -142 -1

Total2 1044 984 1120 1278 1092 1094 1172 1267 958 907 1226 -320

of which Non-OECD 762 662 780 725 784 747 757 841 707 655 640 15

OECD Asia Oceania5

OECD Americas - - 0 0 1 - - - - - 0 -

Venezuela - - - - - - - - - - - -

Other Central and South America - - 0 0 0 0 1 1 - - - -

ARA (Belgium Germany Netherlands) - - - - - - - - - - - -

Other Europe - - - - - - - - - - - -

FSU 2 3 2 3 3 3 3 2 0 3 4 -1

Saudi Arabia - - - - - - - - - - - -

Algeria - - - - - - - - - - - -

Other Middle East and Africa - - - - - - - - - - - -

Singapore 108 119 100 103 95 141 119 125 137 87 125 -37


Other 19 41 32 32 32 32 33 34 31 32 32 0

Total2 147 185 162 170 152 221 175 180 211 144 193 -48

of which Non-OECD 147 185 162 169 151 221 175 180 211 144 192 -48

Total OECD Trade2 1263 1227 1340 1468 1444 1377 1388 1501 1237 1105 1446 -341

of which Non-OECD 958 888 981 911 1094 1023 951 1053 969 830 855 -25






Table 10

REGIONAL OECD GASOIL/DIESEL IMPORTS BY SOURCE1


Year Earlier


18 10 FEBRUARY 2015

Year Earlier


OECD Americas3

Venezuela 20 12 16 24 15 24 27 38 19 22 31 -10

Other Central and South America 5 1 2 - - - - - - - - -

ARA (Belgium Germany Netherlands) 1 0 1 - - 1 - - 4 - - -

Other Europe 1 0 0 - - - - - - - - -

FSU 1 - - - - - - - - - - -

Saudi Arabia 1 5 1 - 10 10 6 9 1 4 - -

Algeria - - 1 - 1 - - - - - - -

Other Middle East and Africa 3 2 3 - 19 1 3 10 1 - - -

Singapore 5 4 - - - 3 - - 5 - - -

OECD Asia Oceania 35 41 48 57 18 72 52 82 64 51 53 -2

Non-OECD Asia (excl. Singapore) 3 8 9 17 12 6 5 - - 13 15 -2

Other 4 0 1 - 6 4 - - 3 16 - -

Total2 77 73 81 99 81 121 94 140 98 106 100 7

of which Non-OECD 40 32 32 42 63 48 42 57 30 55 47 9

OECD Europe4

OECD Americas 4 27 22 29 11 15 27 10 21 16 23 -7

Venezuela 11 11 0 - 5 1 3 - - - - -

Other Central and South America 6 4 6 9 3 5 8 - - 3 9 -7

Non-OECD Europe 2 1 3 6 - 3 0 - 14 13 6 7

FSU 20 12 23 26 19 21 26 26 12 4 39 -35

Saudi Arabia 52 56 53 51 106 75 88 109 51 83 64 19

Algeria 9 4 14 25 28 19 19 16 18 34 15 19


Singapore 22 7 11 22 4 3 29 6 11 13 45 -32


Non-OECD Asia (excl. Singapore) 53 61 71 79 41 63 63 77 80 90 42 48

Other 21 1 4 -18 -24 14 12 54 -44 -58 -27 -31

Total2 397 398 447 511 377 457 583 620 413 451 509 -58

of which Non-OECD 359 341 393 433 363 368 451 488 339 405 467 -61

OECD Asia Oceania5

OECD Americas - - - - - - - - - - - -

Venezuela - - - - - - - - - - - -

Other Central and South America - - - - - - - - - - - -

ARA (Belgium Germany Netherlands) - - - - - - - - - - - -

Other Europe - - - - - - - - - - - -

FSU - - - - - - - - - - - -

Saudi Arabia - - - - - - - - - - - -

Algeria - - - - - - - - - - - -

Other Middle East and Africa - - - - - - - - - - - -

Singapore 31 34 42 41 26 23 21 24 21 19 32 -13

Non-OECD Asia (excl. Singapore) 3 2 3 - 4 17 13 11 63 18 - -

Other 24 27 30 41 27 10 9 17 16 27 44 -16

Total2 58 62 74 82 57 50 43 51 101 65 76 -11

of which Non-OECD 58 62 74 82 57 50 43 51 101 65 76 -11

Total OECD Trade2 532 533 602 693 514 628 720 810 612 622 685 -62

of which Non-OECD 456 435 499 557 482 465 536 595 469 525 589 -64






Table 11

REGIONAL OECD JET AND KEROSENE IMPORTS BY SOURCE1



10 FEBRUARY 2015 19

Year Earlier


OECD Americas3

Venezuela 4 2 0 - - - - - - - - -

Other Central and South America 110 101 65 69 62 51 56 37 89 83 82 0

ARA (Belgium Germany Netherlands) 14 6 18 30 30 28 15 14 15 7 27 -20

Other Europe 19 19 9 1 4 14 2 1 15 - - -

FSU 63 20 37 32 14 18 41 43 26 10 37 -28

Saudi Arabia - 0 - - - - - - - - - -

Algeria 39 29 8 4 - 7 8 24 24 7 12 -5


Singapore 1 - - - - - - - - - - -

OECD Asia Oceania - - 1 2 - - - - - - 5 -

Non-OECD Asia (excl. Singapore) 0 - 2 - - - 2 6 - - - -

Other - - - - - - 0 1 1 0 - -

Total2 268 206 165 155 127 132 134 140 190 114 180 -67

of which Non-OECD 235 181 139 123 93 90 117 125 160 107 149 -42

OECD Europe4

OECD Americas 30 34 16 7 7 25 15 3 25 30 4 26

Venezuela - - - - - 0 - - - - - -

Other Central and South America 27 28 26 34 38 28 29 64 13 14 30 -17

Non-OECD Europe 14 8 16 4 17 12 22 17 14 23 7 15

FSU 413 352 375 382 421 579 520 489 638 660 376 284

Saudi Arabia 1 0 1 0 - - - - - - - -

Algeria 2 - 1 - - - - - - - - -


Singapore 1 - 0 0 - - - - - - - -


Non-OECD Asia (excl. Singapore) 1 1 0 - - - - - - - - -

Other 36 92 100 98 99 -10 55 47 -234 -120 200 -321

Total2 537 521 552 539 600 650 666 644 476 622 631 -9

of which Non-OECD 505 486 528 526 581 619 639 629 432 578 625 -48

OECD Asia Oceania5

OECD Americas 2 1 0 - 3 10 - - - - - -

Venezuela - - - - - - - - - - - -

Other Central and South America - - - - - - - - - - - -

ARA (Belgium Germany Netherlands) - 2 - - 7 - - - - - - -

Other Europe - - 14 29 34 30 29 46 12 - 30 -

FSU 2 4 3 3 - - 7 - 29 42 6 36

Saudi Arabia - - - - 2 - - - - - - -

Algeria - - - - - 6 - - - - - -

Other Middle East and Africa - - 7 3 5 11 3 - - 20 - -

Singapore 16 39 40 31 48 23 35 9 29 15 9 6


Other 42 45 40 48 45 19 13 14 13 14 52 -38

Total2 153 224 242 290 304 205 183 165 150 159 288 -129

of which Non-OECD 151 221 231 261 260 168 158 119 150 159 258 -99

Total OECD Trade2 958 951 960 985 1030 986 984 949 816 894 1099 -205

of which Non-OECD 891 888 897 910 934 878 914 873 742 843 1032 -188






Table 12

REGIONAL OECD RESIDUAL FUEL OIL IMPORTS BY SOURCE1



20 10 FEBRUARY 2015

Table 13

AVERAGE IEA CIF CRUDE COST AND SPOT CRUDE AND PRODUCT PRICES

Table Unavailable Available in the subscription version.

To subscribe, visit: http://www.iea.org/w/omrss/default.aspx


10 FEBRUARY 2015 21

Total Ex-Tax Total Ex-Tax

Price Dec-14 Jan-14 Price Dec-14 Jan-14 Price Dec-14 Jan-14 Price Dec-14 Jan-14

GASOLINE 1 (Price per Litre)

France 1.277 - 5.0 - 14.9 0.433 -14.6 -32.0 1.485 -10.3 -27.3 0.504 -19.3 -42.0

Germany 1.299 - 5.7 - 15.1 0.437 -13.1 -30.7 1.511 -11.0 -27.5 0.508 -17.9 -40.9

Italy 1.466 - 6.8 - 14.8 0.474 -15.1 -30.6 1.705 -12.0 -27.3 0.551 -19.8 -40.8

Spain 1.131 - 7.8 - 18.9 0.472 -14.0 -31.4 1.315 -12.9 -30.8 0.549 -18.8 -41.4

UK 1.084 - 7.4 - 16.5 0.323 -18.2 -35.7 1.644 -10.1 -23.1 0.490 -20.7 -40.8

Japan 140.9 - 8.3 - 11.2 74.1 -13.7 -22.0 1.190 -7.6 -21.9 0.626 -13.1 -31.4

Canada 0.926 - 10.6 - 26.3 0.545 -16.2 -36.6 0.765 -14.7 -33.4 0.450 -20.0 -42.7

USA 0.559 - 16.8 - 36.1 0.447 -20.2 -41.4 0.559 -16.8 -36.1 0.447 -20.2 -41.4

AUTOMOTIVE DIESEL FOR NON COMMERCIAL USE (Price per Litre)

France 1.115 - 3.3 - 16.0 0.448 -13.8 -32.8 1.297 -8.7 -28.3 0.521 -18.6 -42.7

Germany 1.142 - 6.5 - 17.4 0.490 -11.9 -29.1 1.328 -11.7 -29.5 0.570 -16.8 -39.5

Italy 1.380 - 6.9 - 16.2 0.514 -13.6 -29.9 1.605 -12.0 -28.5 0.598 -18.4 -40.1

Spain 1.076 - 8.1 - 19.9 0.520 -12.9 -29.7 1.251 -13.2 -31.7 0.605 -17.7 -40.0

UK 1.157 - 5.8 - 16.0 0.384 -13.3 -32.4 1.754 -8.6 -22.7 0.582 -15.9 -37.8

Japan 121.6 - 8.8 - 12.6 80.3 -12.0 -19.5 1.027 -8.1 -23.2 0.678 -11.3 -29.2

Canada 1.115 - 9.1 - 19.1 0.810 -11.7 -23.7 0.922 -13.3 -26.9 0.669 -15.7 -31.0

USA 0.792 - 12.1 - 23.0 0.662 -14.1 -26.4 0.792 -12.1 -23.0 0.662 -14.1 -26.4

DOMESTIC HEATING OIL (Price per 1,000 Litres)

France 687.080 - 7.3 - 24.1 496.170 -11.6 -28.9 799.023 -12.4 -35.2 577.009 -16.5 -39.3

Germany 587.070 - 12.9 - 30.4 431.990 -14.5 -33.3 682.719 -17.8 -40.6 502.372 -19.3 -43.0

Italy 1172.470 - 6.7 - 16.4 557.830 -11.1 -25.2 1363.496 -11.9 -28.6 648.715 -16.0 -36.2

Spain 637.860 - 12.9 - 29.1 439.620 -14.9 -33.0 741.784 -17.8 -39.5 511.245 -19.6 -42.8

UK 455.680 - 12.0 - 31.5 322.580 -15.5 -38.2 690.948 -14.7 -36.9 489.128 -18.1 -43.1

Japan 2

87861.0 - 10.9 - 15.3 78813.0 -11.2 -18.4 741.819 -10.2 -25.5 665.426 -10.5 -28.2

Canada 1082.000 - 6.9 - 15.3 969.480 -7.3 -16.1 894.289 -11.1 -23.4 801.289 -11.5 -24.1

USA - - - - - - - - - - - -

LOW SULPHUR FUEL OIL FOR INDUSTRY 3 (Price per Metric Tonne)

France 350.78 -8.4 -33.1 305.48 -15.4 -39.6 407.9 -13.5 -42.9 355.3 -20.1 -48.4

Germany - - - - - - - - - - - -

Italy 332.51 -14.7 -39.1 301.12 -16.0 -41.5 386.7 -19.4 -48.0 350.2 -20.7 -50.1

Spain 355.51 -15.0 -34.5 338.96 -15.6 -35.6 413.4 -19.7 -44.1 394.2 -20.2 -45.0

UK - - - - - - - - - - - -

Japan - - - - - - - - - - - -

Canada - - - - - - - - - - - -

USA - - - - - - - - - - - -

1 Unleaded premium (95 RON) for France, Germany, Italy, Spain, UK; regular unleaded for Canada, Japan and the United States.

2 Kerosene for Japan.

3 VAT excluded from prices for low sulphur fuel oil when refunded to industry.

* Prices for France, Germany, Italy and Spain are in Euros; UK in British Pounds, Japan in Yen, Canada in Canadian Dollars.

% change from% change from

Table 14

MONTHLY AVERAGE END-USER PRICES FOR PETROLEUM PRODUCTS

January 2015

NATIONAL CURRENCY * US DOLLARS

% change from % change from


22 10 FEBRUARY 2015

Change

Oct 14 Nov 14 Dec 14 Jan 15 Jan 15-Dec 14 09 Jan 16 Jan 23 Jan 30 Jan 06 Feb

NW Europe

Brent (Cracking) 4.56 5.93 3.68 5.75 2.07 4.87 5.75 6.28 6.60 6.44

Urals (Cracking) 5.04 6.24 4.86 6.62 1.77 6.24 6.63 6.87 7.14 6.81

Brent (Hydroskimming) -0.69 0.13 -0.98 1.33 2.30 0.26 1.45 1.91 2.23 1.80

Urals (Hydroskimming) -1.01 -0.39 -0.71 1.24 1.94 0.82 1.35 1.47 1.72 1.08

Mediterranean

Es Sider (Cracking) 6.90 7.44 6.63 8.50 1.86 8.04 8.36 8.85 9.10 7.92

Urals (Cracking) 5.89 6.71 6.10 8.06 1.97 7.98 8.17 8.57 7.84 7.06

Es Sider (Hydroskimming) 1.78 1.67 1.53 3.87 2.34 3.14 3.82 4.29 4.69 3.36

Urals (Hydroskimming) -1.36 -1.42 -1.38 1.10 2.48 0.78 1.36 1.62 1.03 0.09

US Gulf Coast

50/50 HLS/LLS (Cracking) 5.62 3.94 1.15 5.46 4.31 2.81 4.67 6.81 8.85 9.24

Mars (Cracking) 0.19 -0.87 -2.42 2.80 5.22 0.31 2.25 3.94 5.86 5.72

ASCI (Cracking) 0.24 -1.01 -2.29 2.91 5.20 0.57 2.19 4.26 5.76 5.56

50/50 HLS/LLS (Coking) 7.22 5.82 2.64 7.09 4.45 4.47 6.34 8.45 10.40 10.71

50/50 Maya/Mars (Coking) 4.32 3.56 2.57 8.25 5.68 5.96 7.52 9.63 11.09 10.24

ASCI (Coking) 5.59 4.92 2.29 8.25 5.97 5.75 7.39 9.89 11.35 10.83

US Midcon

WTI (Cracking) 12.65 12.73 4.33 4.92 0.59 1.48 2.55 5.69 11.11 13.02

30/70 WCS/Bakken (Cracking) 15.88 15.93 7.95 8.14 0.19 5.83 6.09 8.02 13.18 14.68

Bakken (Cracking) 20.35 20.25 9.61 10.23 0.63 7.57 7.95 10.10 16.01 17.63

WTI (Coking) 14.93 15.60 6.15 6.40 0.24 2.93 3.96 7.11 12.72 14.55

30/70 WCS/Bakken (Coking) 20.10 21.60 11.33 11.06 -0.27 8.59 8.71 10.94 16.62 17.80

Bakken (Coking) 21.14 21.33 10.23 10.78 0.54 8.10 8.46 10.62 16.63 18.17

Singapore

Dubai (Hydroskimming) -1.98 1.02 0.62 2.65 2.02 1.13 3.12 3.41 3.48 2.03

Tapis (Hydroskimming) 1.97 3.48 3.94 6.01 2.07 5.86 5.71 6.45 6.18 4.48

Dubai (Hydrocracking) 3.66 6.51 5.84 7.21 1.37 6.21 7.52 7.75 7.75 6.42

Tapis (Hydrocracking) 5.58 7.08 6.49 7.68 1.19 8.01 7.32 7.90 7.54 6.63

1 Global Indicator Refining Margins are calculated for various complexity configurations, each optimised for processing the specific crude(s) in a specific refining centre. Margins include energy cost, but exclude other variable costs,

depreciation and amortisation. Consequently, reported margins should be taken as an indication, or proxy, of changes in profitability for a given refining centre. No attempt is made to model or otherwise comment upon the relative

economics of specific refineries running individual crude slates and producing custom product sales, nor are these calculations intended to infer the marginal values of crude for pricing purposes.

Source: IEA, KBC Advanced Technologies (KBC)

Table 15

IEA/KBC Global Indicator Refining Margins1

($/bbl)

Monthly Average Average for week ending:


10 FEBRUARY 2015 23

Sep-14 Oct-14 Nov-14 Nov-13

Nov 14 vs

Previous

Month

Nov 14 vs

Previous

Year

Nov 14 vs

5 Year

Average

5 Year

Average

OECD Americas2

Naphtha 1.9 1.9 1.7 1.9 -0.2 -0.1 0.0 1.7

Motor gasoline 45.6 46.7 48.0 49.1 1.4 -1.1 -0.9 48.9

Jet fuel 8.9 8.5 8.4 7.7 -0.1 0.7 0.9 7.4

Other kerosene 0.2 0.2 0.2 0.2 0.0 0.0 0.0 0.2

Gasoil/diesel oil 28.8 28.7 28.9 28.5 0.2 0.5 1.6 27.3

Residual fuel oil 4.0 3.9 4.0 3.9 0.1 0.1 -0.6 4.6

Petroleum coke 4.7 4.6 4.5 4.4 -0.1 0.1 0.2 4.3

Other products 13.0 11.5 10.7 9.5 -0.8 1.2 0.5 10.2

OECD Europe3

Naphtha 6.8 7.0 7.0 7.2 0.0 -0.2 0.1 6.9

Motor gasoline 20.5 20.8 20.9 20.5 0.1 0.4 -0.2 21.1

Jet fuel 8.4 8.0 7.5 7.3 -0.5 0.2 0.3 7.2

Other kerosene 2.0 2.0 2.0 2.0 0.0 0.0 0.1 1.9

Gasoil/diesel oil 41.0 40.4 41.9 42.0 1.5 -0.1 1.3 40.6

Residual fuel oil 9.1 10.2 10.1 9.5 -0.1 0.6 -0.1 10.2

Petroleum coke 1.2 1.1 1.1 1.2 0.0 -0.1 0.1 1.0

Other products 14.9 14.2 13.4 13.8 -0.8 -0.3 -0.9 14.3

OECD Asia Oceania4

Naphtha 13.4 14.7 13.7 12.7 -1.0 1.0 1.7 12.0

Motor gasoline 23.7 23.5 23.6 22.9 0.1 0.7 0.9 22.7

Jet fuel 16.2 15.8 16.1 15.4 0.3 0.7 0.6 15.4

Other kerosene 4.9 5.1 6.5 7.0 1.4 -0.4 -0.6 7.1


Residual fuel oil 6.7 7.2 7.5 8.8 0.3 -1.2 -2.7 10.2

Petroleum coke 0.4 0.5 0.4 0.4 -0.1 0.0 0.0 0.4

Other products 13.0 11.8 11.9 11.8 0.1 0.1 0.8 11.1

OECD Total

Naphtha 5.5 5.8 5.5 5.4 -0.3 0.1 0.3 5.2

Motor gasoline 33.7 34.1 35.1 35.8 1.0 -0.7 -0.3 35.4

Jet fuel 10.0 9.6 9.4 9.0 -0.2 0.5 0.7 8.8

Other kerosene 1.6 1.7 1.9 1.9 0.2 -0.1 -0.1 2.0


Residual fuel oil 6.2 6.6 6.6 6.5 0.0 0.1 -0.8 7.4

Petroleum coke 2.8 2.7 2.7 2.7 -0.1 0.0 0.1 2.6

Other products 13.6 12.5 11.8 11.2 -0.7 0.6 0.1 11.7

1 Due to processing gains and losses, yields in % will not always add up to 100%

2 As of the August 2012 OMR includes Chile

3 As of the August 2012 OMR includes Estonia and Slovenia

4 As of the August 2012 OMR includes Israel

Table 16

REFINED PRODUCT YIELDS BASED ON TOTAL INPUT (%)1


24 10 FEBRUARY 2015

2013 2014 2015 1Q14 2Q14 3Q14 Nov 14 Dec 14 Jan 15

OECD Americas1

897 961 970 940 972 962 983 968 970

United States 867 930 937 909 941 931 952 937 937

Other 30 31 33 30 31 31 31 32 33

OECD Europe269 82 94 80 81 83 85 85 93

France 15 16 17 15 15 15 16 16 17

Germany 13 16 16 16 16 16 16 16 16

Spain 6 6 7 6 6 7 7 7 7

United Kingdom 5 10 12 10 10 10 10 10 12

Other 30 35 41 34 34 36

OECD Asia Oceania34 4 4 4 4 4 4 4 4

Australia 4 3 3 3 3 3 3 3 3

Other 0 2 2 2 2 2 2 2 2

Total OECD Ethanol 970 1,047 1,068 1,024 1,057 1,049 1,072 1,058 1,068

Total Non-OECD Ethanol 573 616 639 171 724 917 629 355 265

Brazil 473 494 496 51 602 794 506 232 123

China 36 39 43 39 39 39

Argentina 8 10 13 10 10 10

Other 57 73 87 71 72 74 123 123 143

Total Ethanol 1,543 1,663 1,708 1,195 1,781 1,966 1,701 1,413 1,333

2013 2014 2015 1Q14 2Q14 3Q14 Nov 14 Dec 14 Jan 15

OECD Americas191 84 89 70 82 95 86 91 89

United States 87 80 84 65 77 90 81 86 84

Other 3 5 5 5 5 5 5 5 5

OECD Europe2176 199 201 193 198 203 201 197 201

France 36 37 37 37 37 37 37 37 37

Germany 46 52 52 52 52 52 52 52 52

Italy 6 8 9 7 8 8 8 8 9

Spain 9 15 15 15 15 15 15 15 15

Other 79 87 88 83 86 91 90 85 88

OECD Asia Oceania39 9 10 9 9 9 9 9 10

Australia 1 1 1 1 1 1 1 1 1

Other 8 8 9 8 8 8 8 8 9

Total OECD Biodiesel 276 292 299 272 290 307 296 297 299

Total Non-OECD Biodiesel 192 221 239 215 215 228 228 228 239

Brazil 50 56 70 53 52 63 55 55 70

Argentina* 39 43 42 39 39 47

Other 100 117 121 118 119 113

Total Biodiesel 468 514 538 487 504 535 524 525 538

Global Biofuels 2,012 2,177 2,246 1,683 2,285 2,501 2,225 1,938 1,871

1 As of August 2012 OMR, OECD Americas includes Chile.

2 As of August 2012 OMR, OECD Europe includes Estonia and Slovenia.

3 As of August 2012 OMR, OECD Asia Oceania includes Israel.

* monthly data not available.

Table 17

WORLD BIOFUELS PRODUCTION(thousand barrels per day)

ETHANOL

BIODIESEL

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