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According to OPEC bulletin, the total investment in crude oil for 2Q 08 reached $75billion as compared to $50billion for 4Q 07. The total investment in crude oil for 2008 was $205billion as compared to $250billion for 2007.
According to OPEC march 2009 bulletin, the total short positions contracts for crude oil were 208,000 contracts in February 2009 as compared to 172,000 contracts in January 2009. The total open interest contracts for crude oil reached 1,225,000 in February 2009 as compared to 1,211,000 contracts in January 2009.
According to OPEC march 2009 bulletin, Non OPEC countries oil supply have fallen by 0.2mb/d in 2008, while for 2009 it is expected to increase by 0.4mb/d as compared to 2008. Crude oil production of OPEC countries declined by 0.7mb/d in February 2009. OPEC NGLs and non conventional oils are expected to average 4.8mb/d in [...]
According to OPEC Bulletin, World oil demand growth in 2008 declined by 0.1mb/d to negative 0.3mb/d, while the forecast for 2009 was reduced by 0.4mb/d to negative 1.0mb/d. This was due to the continuous deterioration of world economy and accompanying erosion in demand growth. OECD countries demand is expected to decline by 1.3mb/d, while the [...]
According to British Petroleum, the daily oil production in Iraq was 2,145 thousand barrels in 2007; exhibiting a CAGR of 6.3% from 1997 levels of 1,166 thousand barrels. Iraq accounted for 2.7% of the global daily oil production in 2007.
According to British Petroleum, the total proven oil reserves in Iraq in 2007 were 115 billion barrels which have represented a CAGR of 0.2% from 1997 levels of 112.5 billion barrels. Iraq oil reserves accounted for 9.3% of the global oil reserves in 2007.
According to British Petroleum, the daily oil production in Iran was 4,401 thousand barrels in 2007; exhibiting a CAGR of 1.5% from 1997 levels of 3,776 thousand barrels. However, the total daily consumption stood at 1,621 thousand barrels in 2007 representing a CAGR of 2.7% over the 1997 levels of 1,239 thousand barrels. Iran accounted [...]
According to British Petroleum, the total proven oil reserves in Iran in 2007 were 138.4 billion barrels which have represented a CAGR of 4.1% from 1997 levels of 92.6 billion barrels. Iran oil reserves accounted for 11.2% of the global oil reserves in 2007.
According to British Petroleum, the daily oil production in Denmark was 312 thousand barrels in 2007, exhibiting a CAGR of 3.1% from 1997 levels of 230 thousand barrels. Denmark accounted for 0.4% of the global daily oil production in 2007.
According to British Petroleum, the total proven oil reserves in Denmark in 2007 were 1.1 billion barrels which have represented a CAGR of 2% from 1997 levels of 0.9 billion barrels. Denmark oil reserves accounted for 0.1% of the global oil reserves in 2007.
