International energy trends : monthly supplement on oil trends, february 1978

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International energy trends : monthly supplement on oil trends, february 1978

Organisation de Coopération Et de Développement économiques (ocde)

To cite this version:

Organisation de Coopération Et de Développement économiques (ocde). International energy trends :

monthly supplement on oil trends, february 1978. [Research Report] Organisation de coopération et

de développement économiques(OCDE). 1978, 34 p., graphiques. �hal-01512595�

O R G A N I S A T I O N FOR ECONOMIC

C O - O P E R A T I O N A N D DE VELOPMENT ^{C ~ o}

Co m b i n e d E n erg y Staff ' N a n s , 16th February, 1978 Ener gy S t a t i s t i c s and Data

Pro c es s ing Division ^. / .. ...

¡a«'¡it Ot

INTERNATIONAL ENERGY TRENDS MON T HLY SUPPLEMENT ON OIL TRENDS Cl)

--- ---

( £

1. OIL D E M AN D AND SUPPLY IN 1977

C' „ /

... " ’

A

On p r e l i m i n a r y estimates 1977 oil c o nsu mptio n in the

( 2 )

seven m a j o r co untries was 2.7% above 1976. Increases in U.S. (+4.9%) and Japan (+3.4%) were above the OECD average, ref l e c ti ng stronger economic a ctivity than in Europe.

In the seven countries the three m a jor product groups gr e w at the following rates: mo tor gasoline 2.3%, middle d i s t i l l a t e s 2.9%, heavy fuel oil 1.7%. However, the rates

for m i d d l e d i s t i l l a t e s and heavy fuel oil cover large differences be t w ee n regions. E u r o p e ’s marked decli ne in heavy fuel oil con­

sumption (-7.4%) reflects good h y d r o - e l e c t r i c i t y conditions and signi f i c an t g r o w t h of nuclear power.

M i dd le d is t i l l a t e consumption remained v i rtu all y unchanged in Europe w h il e in the U.S. and Japan the increase was around 5%. The 8 . 6 % increase in U.S. heavy fuel oil use is mainly due to high er oil u se by thermal power stations repl acing natural gas (an un de r l y i n g trend) and hyd r o- e l e c t r i c i t y (the 1977 d r o u g h t ) .

(1) a. A table of contents is shown at the end of the i n t r o d u c t o r y text;

b. Except where noted, r e f ere n ce is made throughout to figures adjusted for normal seasonal variations.

(2) US, Japan, France, Denmark, Italy, Netherlands, UK.

39281

- 2 -

Oil stocks increased 8% during the year. Thus total oil r e q u i re me nt s increased by 4% and exceeded c o n s u m p t i o n by 1.3% points. OECD oil production increased by 4.7% due to additional North Sea and Alaskan production. C r u d e oil imports g r e w by 3.5%. Since European imports fell 7.6%, the rise was due to the sharp increase of 22% in U.S.

imports, of whi c h a pproximately one third was d u e to stock increases.

Avera g e crude oil import prices (domestic currencies) rose by +5.5% against 12.9% in 1976. Main product prices increased 9.9%, however, against 7.3% in 1976.

. /

TABLE A

S U M M A R Y TABLE ON 1977/1976 OIL VOLUM E CHANGES OECD Regions

All 7 Europe 5 U.S. Japan C O N S U M P T I O N

Total 76/75 6.0 4.9 7.2 3.7

77/76 2.7 -1.9 4.9 3.4

G a s o l i n e 76/75 4.6 3.4 4.8 5.4

77/76 2.3 2.6 2.1 4.0

M i d d l e 76/75 7.4 5.3 10.1 5.3

d i s t i l l a t e s 77/76 2.9 - 0 .6 5.6 5.0

H e av y fuel 76/75 7.7 3.3 13.5 4.8

oil 77/76 1.7 -7.4 8.6 2.4

P R O D U C T I O N

76/75 3 2 . 0 (2) -2.8

77/76 4 . 7 (1) 4 1 . 0 (2) 0.8 -

S T OCK L EV E LS End of year

76/75 2.7 2.7 0.4 8.5

77/76 7.9 1.6 15.3 4.. 2

C R U D E O I L IMPORTS

76/75 11.3 7.6 29.2 2.2

77/76 3.5 -7 . 6 22.1 3.5

GDP

In c o n s t a n t pri c es

76/75 5 . 7 (3) 5 . 0 (3) 1 . 2 (3)

6.0 6.3

77/76 4 . 0 (3) 4.8 6.0

(1) OEC D Total (2) OEC D Europe

(3) E x c l u d i n g Netherlands

- 4 -

TABLE B

SUMMARY TABLE ON 1977/1976 OIL PRICE C H A N G E S (IN %) FOR IN MAIN OECD REGIONS

(Domestic Currencies)

All 7 Europe 5 U.S. Japan

C ru d e oil imports

(CIF )

76/75 77/76

12.9 5.5

19.5 8 . 6

7.1 7.2

6 . 2 -2.5 Gaso l in e 76/75

(regular and

premium) 77/76

5.4 6.4

11.5 9.0

3.9 6 . 0

5.5 2 . 6

Light heating 76/75 11.1

011 77/76 11.2

16.0 9.8

6.3 13.5

12.3 +3.6 Heavy fuel

. . ( 1 ) oil

76/75 77/76

7.8 14.6

13.3 21.5

-

1 . 0 17.2

8.9 2. 1

All major products

76/75 77/76

7.3 9.9

13.1 14.1

2.9 9.3

1 0. 1 2.4

. /

(1) Prices for final consumers; based on data for first three

quarters of each year.

N o n - O E C D Production (a) OPE C

1977 OP E C production was 2% above the 1976 level. The biggest a b s o l u t e and relative gains were achieved by Saudi- Arabia. The only two reductions occurred in Kuwait (-14%) and in Iran (-4%).

(b) Rest-o f -Wo r ld

P r o d u c t i o n outside the OECD and OPEC increased sharply

(+8.5%) d u e m a i n l y to significant gains by.th e Soviet Union (6.8%) M e x i c o (13.8%) and Egypt (34%).

2. L A T E S T TRENDS C o n s u m p t i o n

Dur in g the last two or three mon ths the downward drift in c o n s u m p t i o n which had become apparent in all three regions about m i d - 1 9 7 7 (see Graph 1 - 2 ) appears to have come to a halt.

Oil stocks

A f t e r a third quarter pause, stockbu ild ing in Europe and Japan resu m e d again towards the end of the year; the rise

in U.S. stocks continued uninterrupted. The seven countries' c o m bi n ed stocks reached a new record level in December 1977.

In E u r o pe refiners' assessments of their product stocks have cha n g e d since Oct ob er with the number of those judging their product stocks excessive decreasing.

P r o d u c t i o n

A f t e r some slight reductions in Alask an and No rth Sea

out p u t in Oc tob er/November, OECD pro duction in December again

r e a c h e d its form e r peak of S e ptember 1977. Latest information

on the N o r t h Sea indicates that bad weath er cond ition s may have

impeded f u r t h e r output increases in January. Alaskan production,

on the o t h e r hand, has remained at the 0.7 mbd level reached in

the A u t u m n of 1977.

Crud e oil imports

Since August - September 1977 crude oil impo rts have increased somewhat in all three regions (see G r a p h 12). The change was most pronounced in Europe (see G r a p h 7).

OPEC producti o n

In the closing months of 1977, OPEC p rod u c t i o n was r e l a ti v el y stable around the yearly average of 31 mbd.

C r ude oil import prices

C r ude oil landed in the seven countri es in D e c e mber was, on average and in dolla r terms, a little c h e a p e r than in

November. In terms of national cur rencies the d ro p was more

p ronounced owing to the appreciation of o t h e r c u r r e n c i e s

against the dollar.

TABLE OF C O NT E N T S Tables

1. C O N S U M P T I O N OF OI L PRODUCTS 2. C O N S U M P T I O N OF 3 MAIN PRODUCTS 3. STO CK L E V E L S OF ALL OIL

4. C R U D E OIL IMPORTS

5. P R O D U C T I O N OF CRUDE OIL

6. A V E R A G E IMPORT PRICE FOR ALL C R U D E C A T E G O R I E S

G r a p hs

1. C O N S U M P T I O N OF OIL PRODUCTS 2. C O N S U M P T I O N OF 3 MAIN PRODUCTS 3. C R U D E OIL IMPORTS

4. STOC K L EV E L S OF ALL OIL 5. PR O D U C T I O N OF CRUDE OIL 6. O I L IMP ORT PRICES

7. I N D E X OF I ND USTRIAL PRODUCTION

Technical notes

T A B L E 1 - O I L C O N S U M P T I O N

A - A C T U A L L E V E L S ( M B D )

1 9 7 6 1 9 7 7 7 7 001 7 7 0 0 2 7 7 QO 3 7 7 0 0 4 7 7 M 1 1 7 7 H 1 2

U . S . 1 7 . 4 4 1 3 . 3 5 1 9 . 6 3 1 7 . 6 6 1 7 . 7 1 1 8 . 4 2 1 7 . 4 6 1 9 . 5 6

J A P A N 4 . 3 4 4 . 5 6 5 . 1 4 4 . 0 6 4 . 2 7 4 . 7 5 4 . 7 0 5 . 3 1

F R A N C E 2 . 2 1 2 . i l 2 . 5 0 2 . 0 0 1 . 6 1 2 . 3 4 2 . 3 3 2 . 6 9

G E R M A N Y 2 . 7 1 2 . b9 2 . 6 6 2 . 6 2 2 . 6 7 2 . 8 0 2 . 8 7 3 . 0 2

I T A L Y 1 . 8 4 1 . 8 1 2 . 1 3 ; 1 . 6 5 1 . 5 7 1 . 9 3 1 . 9 3 2 . 1 6

N E T H E R L A N D S 0 . 5 2 0 . 4 9 0 . 5 3 0 . 4 5 0 . 4 4 0 . 5 5 0 . 5 5 0 . 6 0

U . K . 1 . 7 1 1 . 7 5 1 . 9 6 1 . 6 6 1 . 5 0 1 . 9 0 2 . 0 2 2 . 0 3

5 - E U R O P E A N S 8 . 9 9 8 . 6 6 9 . 7 4 8 . 3 9 7 . 7 9 9 . 5 2 9 . 7 0 1 0 . 5 0

A L L - 7 3 0 . 7 8 3 1 . 7 8 3 4 . 5 3 3 0 . 1 1 2 9 . 7 8 3 2 . 6 9 3 1 . 8 6 3 5 . 3 7

8 - S E A S O N A L L Y A D J U S T E D L E V E L S ( M B D )

1 9 7 6 1 9 7 7 7 7 001 7 7 002 7 7 00 3 7 7 0 0 4 7 7 M 1 1 7 7 M 1 2

U . S . 1 7 . 3 9 1 8 . 3 8 1 8 . 9 3 1 8 . 4 6 1 8 . 3 5 1 7 . 7 7 1 6 . 7 3 1 7 . 9 9

J A P A N 4 . 3 2 4 . i > 6 4 . 7 5 4 . 4 9 4 . 5 1 4 . 4 7 4 . 5 4 4 . 5 3

F R A N C E 2 . 2 1 2 . 1 1 2 . 1 & 2 . 2 ) 1 . 9 8 2 . 0 8 2 . 1 2 2 . 0 7

G E R M A N Y 2 . 7 0 2 . & 9 2 . 6 4 2 . 7 1 2 . 6 6 2 . 7 5 2 . 6 7 2 . 9 8

I T A L Y 1 . 8 4 l . â 2 1 . 8 1 1 . 9 1 1 . 7 4 1 . 8 0 1 . 8 9 1 . 8 5

N E T H E R L A N D S 0 . 5 2 0 . 4 9 0 . 5 0 0 . 4 7 C . 4 8 0 * 5 2 0 . 5 2 0 . 5 7

U . K . 1 . 7 1 1 . 7 6 1 . 7 9 1 . 7 8 1 . 7 6 1 . 7 3 1 . 7 1 1 . 8 5

5 - E U R O P E A Y S 8 . 9 6 9 . 6 7 9 . 0 4 9 . 0 5 8 . 5 7 8 . 8 2 9 . 1 2 9 . 2 4

A L L - 7 3 0 . 7 7 3 1 . 7 6 3 2 . 3 8 3 2 . 0 6 3 1 . 6 3 3 0 . 9 6 3 0 . 3 2 3 1 . 8 9

C - Z C H A N G E O V E R

C O R R E S P O N D I N G P E R I O D O F P R E V I O U S Y E A R

1 9 7 6 1 9 7 7 7 7 001 7 7 002 7 7 00 3 K 1 S 1 3 1 O 1 «ff 1 7 7 M 1 1 7 7 M 1 2

U . S . 6 . 9 5 . 2 1 0 . 4 7 . 1 6 . 1 - 2 . 0 - 7 . 3 - 4 . 6

J A P A N 3 . 5 4 . 9 1 0 . 6 2 . 1 5 . 9 0 . 9 - 0 . 8 0 . 2

F R A N C E 7 . 7 - 4 . 6 - 3 . 9 1 . 6 - 1 4 . 0 - 3 . 2 - 1 . 0 - 6 . 3

G E R M A N Y 7 . 6 - 0 . 8 - 4 . 3 3 . 4 - 3 . 2 1 . 4 - 1 . 8 8 . 4

I T A L Y - 0 . 2 - 1 . 3 2 . 6 1 . 4 - 1 0 . 9 1 . 2 1 0 . 8 -

N E T H E R L A N D S 1 8 . 2 - 5 . 2 - 5 . ) - 6 . 2 - 8 . 6 - 1 . 8 - 1 . 0 - 1 . 8

U . K . - 1 . 9 2 . 5 1 . 3 2 . 7 2 . 6 3 . 4 8 . 3 1 . 6

5 - E U R O P E A N S 4 . 6 - 1 . 5 - 1 . 7 1 . 9 - 6 . 6 0 . 4 2 . 8 0 . 7

A L L - 7 5 . 7 3 . 3 6 . 8 4 . 9 2 . 5 - 0 . 9 - 3 . 5 - 2 . 4

0 - Y E A R - T O - D A T E O V E R

C O R R E S P O N D I N G O F P R E V I O U S Y E A R

1 9 7 6 1 9 7 7 7 7 0 0 1 7 7 0 0 2 7 7 0 0 3

• N 1 *^1 1 O 1 o 1 » 7 7 * 1 1 7 7 M 1 2

U . S . 7 . 2 4 . 9 9 . 2 8 . 2 7 . 5 4 . 9 6 . 0 4 . 9

J A P A N 3 . 7 3 . 4 9 . 2 5 . 9 5 . 9 3 . 4 4 . 8 3 . 4

F R A N C E 8 . 0 - 5 . 0 - 5 . 0 - 2 . 1 - 5 . 6 - 5 . 0 - 4 . 8 - 5 . 0

G E R M A N Y 7 . 9 - 1 . 1 - 5 . 5 - 1 . 3 - 2 . 0 - 1 . 1 - 2 . 0 - 1 . 1

I T A L Y 0 . 1 - 2 . 0 1 . 4 1 . 4 - 2 . 7 - 2 . 0 - 2 . 2 - 2 . 0

N E T H E R L A N D S 1 8 . 6 - 5 . 5 - 6 . 0 - 6 . 1 5 . 0 - 5 . 5 - 5 . 9 - 5 . 5

U . K . - 1 . 6 2 . 2 0 . 2 1 . 4 1 . 7 2 . 2 2 . 2 2 . 2

5 - E U R O P E A N S 4 . 9 - 1 . 9 - 2 . 8 - 0 . 7 - 2 . 6 - 1 . 9 - 2 . 1 - 1 . 9

A L L - 7 6 . 0 2 . 7 5 . 5 5 . 2 4 . 3 2 . 7 3 . 4 2 . 7

-

9

T A B L E 2 - MO T O R G * S O L I N E C O N S U M P T I O N

A - A C T U A L L E V E L S ( MB D )

1 9 7 6 1 9 7 7 7 7 Q 0 1 7 7 Q 0 2 7 7 Q 0 3 7 7 Q 0 4 7 7 M 1 1 7 7 M 1 2

U . S . 6 . 9 6 7 . 1 * 6 . 7 5 7 . 3 2 7 . 3 6 7 . 1 4 7 . 0 4 7 . 1 9

J A P A N 0 . 5 2 0 . 5 4 0 . 5 2 0 . 5 2 0 . 5 5 0 . 5 7 0 . 5 4 0 . 6 2

F R A N C E 0 . 39 3 . 4 0 0 . 3 5 0 . 4 1 0 . 4 4 0 . 3 8 0 . 3 8 0 . 3 9

G E R M A N Y 0 . 4 9 0 . 5 2 0 . 4 8 0 . 5 3 0 . 5 5 0 . 5 3 0 . 5 3 0 . 5 3

I T A L Y 0 . 2 5 ) • 2 5 0 . 2 2 0 . 2 5 0 . 2 8 0 . 2 4 0 . 2 3 0 . 2 5

N E T H E R L A N D S 0 . 0 9 0 . 0 9 0 . 0 8 0 . 0 9 0 . 0 9 0 . 0 9 0 . 0 9 0 . 0 9

U . K . 0 . 3 9 0 . 4 1 0 . 3 7 0 . 4 0 0 . 4 3 0 . 4 1 0 . 4 2 0 . 4 2

5 - E U P O P E ANS 1 . 6 1 1 . 6 6 1 . 5 0 1 . 6 8 1 . 7 9 1 . 6 6 1 . 6 5 1 . 6 8

A L L - 7 9 . 1 0 9 . 3 4 8 . 7 8 9 . 5 2 9 . 7 0 9 . 3 6 9 . 2 4 9 . 4 9

8 - S E A S O N A L L Y A D J U S T E D L E V E L S ( M 8 D )

1 9 7 6 1 9 7 7 7 7 Q 0 1 7 7 Q 0 2 7 7 Q 0 3 7 7 0 0 4 7 7 M 1 1 7 7 M 1 2

U . S . 6 . 96 7 . 1 5 7 . 2 0 7 . 0 6 7 . 1 3 7 . 2 2 7 . 2 2 7 . 2 4

J A P A N 0 . 5 2 0 . 5 4 0 . 5 4 0 . 5 3 0 . 5 5 0 . 5 4 0 . 5 3 0 . 5 5

F R A N C E 0 . 39 0 . 4 0 o . f c o 0 . 4 0 0 . 4 0 0 . 4 0 0 . 4 1 0 . 4 0

G E R M A N Y 0 . 4 9 0 . 5 2 0 . 5 1 0 . 5 1 0 . 5 3 0 . 5 4 0 . 5 2 0 . 5 6

I T A L Y 0 . 2 5 0 . 2 5 0 . 2 4 0 . 2 5 0 . 2 5 0 . 2 5 0 . 2 5 0 . 2 5

N E T H E R L A N D S 0 . 0 9 0 . 0 9 0 . 0 9 0 . 0 9 0 . 0 9 0 . 0 9 0 . 0 9 0 . 0 9

U . K . 0 . 39 0 . 4 1 0 . 4 1 0 . 3 9 0 . 4 0 0 . 4 2 0 . 4 1 0 . 4 4

5 - E U R O P E ANS 1 . 6 0 1 . 6 6 1 . 6 5 1 . 6 3 1 . 6 6 1 . 6 9 1 . 7 0 1 . 7 2

A L L - 7 9 . 0 8 9 . 3 5 9 . 3 6 9 . 2 1 9 . 3 6 9 . 4 5 9 . 4 3 9 . 4 7

C - X C H A N G E O V E R

C O R R E S P O N D I N G P E R I O D O F P R E V I O U S Y E A R

1 9 7 6 1 9 7 7 7 7 Q 0 1 7 7 0 0 2 7 7 Q 0 3 7 7 Q 0 4 7 7 M 1 1 7 7 M 1 2

U . S . 4 . 8 2 . 1 3 . 5 2 . 2 2 . 4 1 . 4 0 . 1 0 . 7

J A P A N 5 . 4 4 . 0 6 . 2 - 0 . 8 8 . 7 3 . 2 1 . 3 3 . 4

F R A N C E 5 . 2 1 . 5 2 . 2 1 . 8 - 0 . 5 3 . 9 1 9 . 8 3 . 8

G E R M A N Y 4 . 3 5 . 9 8 . 6 5 . 4 4 . 3 6 . 8 3 . 5 8 . 7

I T A L Y - 3 . 0 - 2 . 5 - 9 . 6 - - 3 . 0 4 . 2 8 . 0 2 . 3

N E T H E R L A N D S 5 . 4 4 . 0 2 . 9 5 . 2 4 . 7 4 . 2 5 . 2 6 . 0

U . K . 4 . 7 2 . 7 4 . 3 - 0 . 2 3 . 5 4 . 5 7 . 9 6 . 1

5 - E U P O P E ANS 3 . 4 2 . 6 2 . 7 2 . 3 1 . 7 5 . 0 8 . 8 5 . 8

A L L - 7 4 . 6 2 . 3 3 . 6 2 . 1 2 . 6 2 . 2 1 . 6 1 . 8

0 - Y E A R - T O - D A T E O V E R

C O R R E S P O N D I N G O F P R E V I O U S Y E A R

1 9 7 6 1 9 7 7 7 7 0 0 1 7 7 Q 0 2 7 7 0 0 3

■ ^

1 •

o 1 o 1 •*- 7 7 M 1 1 7 7 M 1 2

U . S . 4 . 8 2 . 1 2 . 3 2 . 3 2 . 3 2 . 1 2 . 2 2 . 1

J A P A N 5 . 4 4 . 0 4 . 9 2 . 0 4 . 2 4 . 0 4 . 0 4 . 0

F R A N C E 5 . 2 1 . 5 0 . 9 1 . 4 0 . 7 1 . 5 1 . 2 1 . 5

G E R M A N Y 4 . 3 5 . 9 7 . 4 6 . 3 5 . 6 5 . 9 5 . 7 5 . 9

I T A L Y - 3 . 0 - 2 . 5 - 1 0 . 5 - 5 . 2 - 4 . 4 - 2 . 5 - 2 . 8 - 2 . 5

N E T H E R L A N D S 5 . 4 4 . 0 1 . 8 3 . 6 3 . 9 4 . 0 3 . 8 4 . 0

U . K . 4 . 7 2 . 7 3 . 1 1 . 4 2 . 1 2 . 7 2 . 4 2 . 7

5 - E U P O P E ANS 3 . 4 2 . 6 1 . 5 2 . 0 1 . 9 2 . 6 2 . 4 2 . 6

A L L - 7 4 . 6 2 . 3 2 . 3 2 . 2 2 . 4 2 . 3 2 . 4 2 . 3

- 10 -

T A B L E 3 - M I D D L E D E S T I L L A T E S C O N S U M P T I O N

A - A C T U A L L E V E L S ( H 8 D )

1 9 7 6 1 9 7 7 7 7 Q D 1

• x 1 N • O 1 O ■ ro 7 7 Q 0 3 7 7 Q 0 4 7 7 M 1 1 7 7 M 1 2

U . S . 3 . 1 3 3 . 3 1 4 . 4 2 2 . 8 2 2 . 6 0 3 . 4 4 3 . 1 0 4 . 0 2

J A P A N 0 . 6 3 D . 6 6 0 . 7 4 0 . 6 9 0 . 6 0 0 . 7 0 0 . 6 8 0 . 7 9

F R A N C E 0 . 8 1 D . 7 9 1 . 0 7 0 . 7 4 0 . 4 6 0 . 8 9 0 . 8 6 1 . 1 5

G E R M A N Y 1 . 2 3 1 . 2 1 1 . 2 3 1 . 1 6 1 . 2 1 1 . 2 5 1 . 3 0 1 . 4 6

I T A L Y 0 . 4 1 3 . 4 2 0 . 5 0 0 . 3 2 0 . 3 6 0 . 5 0 0 . 4 7 0 . 6 3

N E T H E R L A N D S 0 . 1 5 D . 1 4 0 . 1 6 0 . 1 3 0 . 1 1 0 . 1 7 0 . 1 8 0 . 2 0

U . K . 0 . 3 8 D . 4 0 0 . 4 9 0 . 3 7 0 . 3 0 0 . 4 5 0 . 4 9 0 . 4 9

5 - E U R O P E ANS 2 . 9 8 2 . 9 7 3 . * 5 2 . 7 1 2 . 4 5 3 . 2 7 3 . 2 9 3 . 9 3

A L L - 7 6 . 7 4 S . 95 8 . 6 1 6 . 1 3 5 . 6 5 7 . 4 1 7 . 0 7 8 . 7 5

8 - S E A S O N A L L Y A D J U S T E D L E V E L S C MB D )

1 9 7 6 1 9 7 7 7 7 Q 0 1 7 7 Q 0 2 7 7 Q 0 3 7 7 004 7 7 M 1 1 7 7 M 1 2

U . S . 3 . 1 3 3 . 33 3 . 3 8 3 . 33 3 . 4 6 3 . 1 4 3 . 0 0 3 . 0 7

J A P A N 0 . 6 2 ) . 6 6 0 . 6 7 0 . 6 * 0 . 6 6 0 . 6 6 0 . 6 5 0 . 6 7

F R A N C E 0 . 9 8 0 . 9 5 1 . 7 6 0 . 5 5 0 . 5 2 0 . 9 5 0 . 5 9 1 . 7 5

G E R M A N Y 1 . 7 6 1 . 7 0 0 . 9 6 2 . 0 4 2 . 0 1 1 . 8 1 1 . 0 1 0 . 8 0

I T A L Y 0 . 4 1 0 . 4 2 0 . 4 0 0 . 3 9 0 . 4 2 0 . 4 7 0 . 4 9 0 . 4 9

N E T H E R L A N D S 0 . 1 5 3 . 1 4 0 . 1 4 0 . 1 4 0 . 1 3 0 . 1 6 0 . 1 5 0 . 1 6

U . K . 0 . 38 D . 40 0 . 4 1 0 . 4 0 0 . 4 1 0 . 3 9 0 . 4 0 0 . 4 3

5 - E U R 0 P E ANS 2 . 9 7 2 . 9 7 2 . 9 1 3 . 1 0 2 . 8 8 2 . 9 9 3 . 1 1 3 . 1 0

A L L - 7 6 . 7 1 S . 9 6 6 . 9 4 7 . 0 4 7 . 0 0 6 . 8 5 6 . 6 8 7 . 0 7

C - X C H A N G E O V E R

C O R R E S P O N D I N G P E R I O D O F P R E V I O U S Y E A R

1 9 7 6 1 9 7 7 7 7 Q 0 1 7 7 Q 0 2 7 7 0 0 3 7 7 004 7 7 M 1 1 7 7 M 1 2

U . S . 1 0 . 1 5 . 6 1 7 . 0 9 . 3 9 . 9 - 9 . 3 - 1 6 . 4 - 1 3 . 4

J A P A N 5 . 3 5 . 0 1 0 . 3 3 . 2 6 . 1 1 . 3 - 1 . 3 2 . 8

F R A N C E 4 . 4 - 2 . 5 - 7 . 3 2 2 . 4 - 1 3 . 2 - 5 . 4 - 2 . 9 - 1 1 . 7

G E R M A N Y 5 . 4 - 1 . 7 - 1 0 . 8 9 . 0 - 2 . 7 1 . 1 - 0 . 6 8 . 6

I T A L Y T . 7 1 . 5 - 3 . 5 8 . 7 - 6 . 0 9 . 8 2 7 . 0 8 . 7

N E T H E R L A N D S 1 5 . 8 - 2 . 5 - 7 . 2 1 . 2 - 9 . 9 6 . 0 6 . 0 - 1 . 5

U . K . 0 . 6 5 . 7 5 . 2 7 . 3 9 . 4 3 . 7 7 . 2 1 . 3

5 - E U R 0 P E ANS 5 . 3 - 0 . 6 - 6 . 5 1 1 . 7 - 4 . 4 1 . 0 3 . 4 0 . 4

A L L - 7 7 . 4 2 . 9 5 . 8 9 . 7 2 . 8 - 4 . 0 - 6 . 7 - 6 . 3

0 - Y E A R - T O - D A T E O V E R

C O R R E S P O N D I N G O F P R E V I O U S Y E A R

1 9 7 6 1 9 7 7 7 7 Q 0 1 7 7 Q 0 2 7 7 Q 0 3 7 7 Q 0 4 7 7 M 1 1 7 7 M 1 2

U . S . 1 0 . 1 5 . 6 1 5 . 4 1 2 . 9 1 2 . 1 5 . 6 8 . 4 5 . 6

J A P A N 5 . 3 5 . 0 8 . 8 6 . 2 6 . 2 5 . 0 5 . 1 5 . 0

F R A N C E 4 . 4 - 2 . 5 - 8 . 4 2 . 2 - 1 . 4 - 2 . 5 - 1 . 2 - 2 . 5

G E R M A N Y 5 . 4 - 1 . 7 - 1 1 . 9 - 2 . 8 - 2 . 8 " 1 . 7 - 2 . 8 - 1 . 7

I T A L Y 7 . 7 1 . 5 - 4 . 7 0 . 1 - 1 . 9 1 . 5 0 . 3 1 . 5

N E T H E R L A N D S 1 5 . 8 - 2 . 5 - 8 . 5 - 4 . 2 - 5 . 8 - 2 . 5 - 2 . 6 - 2 . 5

U . K . 0 . 6 5 . 7 4 . 1 5 . 5 6 . 5 5 . 7 6 . 2 5 . 7

5 - E U R O P E A N 5 5 . 3 - 0 . 6 - 7 . 6 ^- - 1 . 3 - 0 . 6 - 0 . 8 - 0 . 6

A L L - 7 7 . 4 2 . 9 4 . 4 6 . 6 5 . 5 2 . 9 4 . 0 2 . 9

T A B L E 4 - R E S I D U A L F U E L C O N S U M P T I O N

A - A C T U A L L E V E L S ( M B D )

1 9 7 6 1 9 7 7 7 7 0 0 1 7 7 0 0 2 7 7 0 0 3 7 7 0 0 4 7 7 M 1 1 7 7 M 1 2

U . S . 2 . 7 ? 3 . 0 3 3 . 5 2 2 . 8 2 2 . 9 1 2 . 9 0 2 . 5 9 3 . 3 4

J A P A N 1 . 6 6 1 . 7 0 1 . 8 6 1 . 5 7 1 . 6 8 1 . 7 0 1 . 7 2 1 . 7 9

F R A N C E 0 . 6 3 0 . 5 1 0 . 6 2 0 . 4 4 0 . 3 3 0 . 6 3 0 . 6 5 0 . 6 8

G E R M A N Y 0 . 4 5 0 . 4 1 0 . 4 4 0 . 39 0 . 3 6 0 . 4 4 0 . 4 7 0 . 4 4

I T A L Y 0 . 6 7 0 . 6 5 0 . 8 1 0 . 6 0 0 . 5 1 0 . 7 0 0 . 7 2 0 . 7 6

N E T H E R L A N D S 0 . 0 6 0 . 0 4 0 . 0 5 0 . 0 3 0 . 0 3 0 . 0 6 0 . 0 6 0 . 0 6

U . K . 0 . 5 1 3 . 5 1 0 . 6 1 0 . 4 7 0 . 3 7 0 . 5 8 0 . 6 5 0 . 6 3

5 - E U R O P E ANS 2 . 2 8 2 . 1 2 2 . 5 2 1 . 9 3 1 . 6 0 2 . 4 1 2 . 5 5 2 . 5 8

A L L - 7 6 . 7 2 S . 8 5 7 . 9 0 6 . 3 2 6 . 1 9 7 . 0 0 6 . 8 5 7 . 7 1

B - S E A S O N A L L Y A D J U S T E D L E V E L S C M B D )

1 9 7 6 1 9 7 7 7 7 0 3 1 7 7 Q 0 2 7 7 0 0 3 77 0 0 4 7 7 M 1 1 7 7 M 1 2

U . S . 2 . 7 8 3 . 0 5 3 . 0 8 3 . 1 1 3 . 2 0 2 . 7 9 2 . 4 3 3 . 0 1

J A P A N 1 . 6 5 i . 7 0 1 . 7 7 1 . 7 1 1 . 6 8 1 . 6 5 1 . 6 5 1 . 6 4

F R A N C E 0 . 6 3 ) • 50 0 . 5 5 0 . 5 0 0 . 4 2 0 . 5 3 0 . 5 4 0 . 5 3

G E R M A N Y 0 . 4 5 0 . 4 1 0 . 4 5 0 . 4 3 0 . 3 7 0 . 3 8 0 . 3 8 0 . 4 2

I T A L Y 0 . 6 8 0 . 6 5 0 . 6 9 0 . 6 7 0 . 5 9 0 . 6 4 0 . 7 0 0 . 6 5

N E T H E R L A N D S 0 . 0 6 0 . 0 4 0 . 0 5 0 . 0 4 0 . 0 4 0 . 0 5 0 . 0 4 0 . 0 5

U . K . 0 . 5 1 3 . 5 1 0 . 5 0 0 . 5 2 0 . 5 1 0 . 5 0 0 . 5 4 0 . 5 2

5 - E U P O P E ANS 2 . 2 8 2 . 1 1 2 . 2 4 2 . 1 8 1 . 9 5 2 . 0 8 2 . 2 1 2 . 1 2

A L L - 7 6 . 7 1 6 . 8 7 7 . 0 9 6 . 9 8 6 . 8 7 6 . 5 4 6 . 2 6 6 . 8 6

C - X C H A N G E O V E R

C O R R E S P O N D I N G P E R I O D O F P R E V I O U S Y E A R

1 9 7 6 1 9 7 7 7 7 Q 0 i 7 7 Q 0 2 7 7 Q 0 3 7 7 Q 0 4 7 7 M 1 1 7 7 M 1 2

U . S . 1 3 . 5 8 . 6 1 9 . 2 1 3 . 3 1 2 . 8 - 7 . 2 - 2 0 . 4 - 7 . 4

J A P A N 4 . 8 2 . 4 6 . 4 3 . 1 2 . 1 - 0 . 8 - 1 . 4 - 1 . 6

F R A N C E 1 3 . 3 - 1 5 . 3 - 6 . 2 - 1 8 . 9 - 3 3 . 6 - 6 . 9 - 8 . 8 - 5 . 4

G E R M A N Y 8 . 3 - 9 . 0 - 0 . 4 - 3 . 3 - 1 8 . 5 - 1 1 . 9 - 1 3 . 9 - 1 3 . 4

I T A L Y 1 . 3 - 3 . 7 3 . 8 - 3 . 0 - 1 6 . 1 - 0 . 9 1 2 . 1 - 4 . 1

N E T H E R L A N D S 1 7 . 2 - 2 1 . 6 - 2 0 . 0 - 2 5 . 9 - 2 7 . 4 - 1 5 . 6 - 1 9 . 3 - 1 2 . 8

U . K . - 8 . 8 - 0 . 2 - 3 . 0 0 . 4 - 0 . 6 3 . 6 1 3 . 0 - 2 . 6

5 - E U R O P E ANS 3 . 3 •7. 4 - 1 . 7 - 7 . 0 - 1 8 . 4 - 4 . 1 - - 6 . 0

A L L - 7 7.7 ^{1 . 7 8 . 7 3 . 8 - - 4 . 7 - 9 . 1 - 5 . 6}

D - Y E A R - T O - D A T E O V E R

C O R R E S P O N D I N G O F P R E V I O U S Y E A R

1 9 7 6 1 9 7 7 7 7 031 7 7 0 0 2 7 7 0 0 3 7 7 0 0 4 7 7 M 1 1 7 7 M 1 2

U . S . 1 3 . 5 8 . 6 1 7 . 8 1 5 . 7 1 4 . 7 8 . 6 1 0 . 6 8 . 6

J A P A N 4 . 8 2 . 4 5 . 2 4 . 2 3 . 5 2 . 4 2 . 8 2 . 4

F R A N C E 1 3 . 3 - 1 5 . 3 - 7 . 1 - 1 2 . - 4 - 1 8 . 7 - 1 5 . 3 - 1 6 . 5 - 1 5 . 3

G E R M A N Y 8 . 3 - 9 . 0 - 1 . 6 - 2 . 4 - 8 . 0 - 9 . 0 - 8 . 6 - 9 . 0

I T A L Y 1 . 3 - 3 . 7 Z.k ^- - 4 . 9 - 3 . 7 - 3 . 9 - 3 . 7

N E T H E R L A N D S 1 7 . 2 - 2 1 . 6 - 2 0 . 5 - 2 2 . 9 - 2 4 . 2 - 2 1 . 6 - 2 2 . 6 - 2 1 . 6

U . K . - 8 . 8 - 0 . 2 - 4 . 0 - 2 . 1 - 1 . 7 - 0 . 2 - - 0 . 2

5 - E U R O P E A N S 3 . 3 - 7 . 4 - 2 . 9 - 4 . 7 - 8 . 8 - 7 . 4 - 7 . 7 - 7 . 4

A L L - 7 7 . 7 1 . 7 7 . 4 5 . 8 3 . 9 1 . 7 2 . 4 1 . 7

T A B L E 5 - S T O C K L E V E L S O F C » U D E O I L A N D P R O D U C T S I N M S L \ T E N D O F P E R I O D

A. A C T U A L L E V E L S

1 9 7 6

U . S . ( l ) 9 4 3

J A P A N 3 8 2

F R A N C E G E R M A N Y I T A L Y

N E T H E R L A N D S U . K .

5 E U R O P E A N S 8 7 0

A L L - 7 2 1 9 6

( 1 ) B R E A K I N S i P I E S * A S 3 F J A N U A R Y 1 9 7 6 C R U D E O I L S T O C K S I N C L U D E F O R E I G N C R U D E O I L N O T Y E T R E C E I V E D A T R E F I N E R I E S .

1 9 7 7 7 7 0 D 1 7 7 0 0 2 7 7 0 0 3 7 7 Q 0 4 7 7 M 1 1 7 7 M 1 2

1 3 8 7 9 3 9 1 0 0 0 1 0 6 2 1 0 8 7 1 1 1 2 1 0 8 7

3 9 8 3 5 3 3 9 3 3 9 7 3 9 8 4 2 1 3 9 8

8 8 4 8 1 1 8 6 2 9 0 0 8 8 4 8 9 5 8 8 4

2 3 7 0 2 0 7 3 2 2 5 1 2 3 5 9 2 3 7 0 2 4 2 8 2 3 7 0

3 . S E A S O N A L L Y A D J U S T E D L E V E L S

U . S . J A P A N F R A N C E G E R M A N Y I T A L Y

N E T H E R L A N D S U . K .

5 E U R O P E A N S A L L - 7

1 9 7 6 1 9 7 7 m m wm mm

<>2 7 1 3 6 8

3 7 8 3 9 4

8 4 6 8 5 9

2 1 3 6 2 3 0 5

7 7 Q 0 1 7 7 9 0 2

9 4 5 1 0 1 8 3 9 0 3 9 3

8 7 6 8 7 0 2 2 1 2 2 2 7 7

7 7 Q 0 3 7 7 0 0 4

1 0 3 0 1 0 6 8 3 7 5 3 9 4

8 3 3 8 5 9

2 2 4 4 2 3 0 5

7 7 M 1 1 7 7 M 1 2

1 0 6 3 1 0 6 8 3 8 9 3 9 4

8 5 2 8 5 9 2 2 9 5 2 3 0 5

-

13

T A B L E 6 - C R U D E O I L I M P O R T S

A - A C T U A L L E V E L S ( M B O )

1 9 7 6 1 9 7 7 7 7 0Ô1 7 7 0 0 2 7 7 Q 0 3 7 7 0 0 A 7 7 M 1 1 7 7 M 1 2

U . S . 5 . 2 9 S . 4 7 6 . 5 2 6 . 7 8 6 . 5 0 6 . 1 4 5 . 9 4 6 . 0 2

J A P A N 4 . 6 2 4 . 7 8 5 . 0 4 4 . 5 8 4 . 5 9 4 . 9 1 5 . 1 8 4 . 9 2

F R A N C E 2 . 4 1 2 . ¿ 8 2 . 4 7 2 . 1 9 2 . 1 5 2 . 6 9 2 . 5 9 2 . 8 3

G E R M A N Y 1 . 9 8 l . * 5 2 . 0 2 1 . 8 6 2 . 0 1 1 . 9 2 1 . 9 2 1 . 9 8

I T A L Y 1 . 9 6 2 . w 6 2 . 0 8 2 . 1 4 1 . 8 7 2 . 1 6 1 . 9 0 2 . 2 *

N E T H E R L A N D S 1 . 2 4 1 . 1 6 ^{1 . 2 6 1 . 1 9 1 . 0 8 1 . 1 0 1 . 0 9} 1 . 1 1

U . K . 1 . 7 2 l . w 9 1 . 3 4 1 . 1 2 Ô . 9 2 0 . 9 8 0 . 7 2 1 . 1 8

5 - E U R O P E A N S 9 . 3 1 9 . 6 3 9 . 1 7 8 . 4 9 6 . 0 3 8 . 8 4 8 . 2 2 9 . 3 4

A L L - 7 1 9 . 2 1 1 9 . 0 9 2 Ü . 7 3 1 9 . 8 5 1 9 . 1 2 1 9 . 8 9 1 9 . 3 5 2 0 * 2 8

B - S E A S O N A L L Y A D J U S T E D L E V E L S ( M B D )

1 9 7 6 1 9 / 7 7 7 0 0 1 7 7 002 7 7 00 3 7 7 00 4 7 7 M 1 1 7 7 M 1 2

U . S . 5 . 2 7 6 . 5 0 6 . 9 0 7 . 0 2 5 . 9 7 6 . 1 5 5 . 6 9 6 . 1 3

J A P A N 4 . 6 1 4 . o O 5 . 1 2 4 . 6 7 4 . 5 1 4 . 88 5 . 0 8 4 . 9 3

F R A N C E 2 . 4 1 2 . 67 ^{2 . 4 5 2 . 2 7 2 . 2 1 2 . 5 4 2 . 5 1 2 . 4 3}

G E R M A N Y 1 . 9 7 1 . 9 6 2 . 1 1 1 . 8 8 1 . 9 9 1 . 8 4 1 . 7 1 1 . 9 2

I T A L Y 1 . 9 6 2 . y 6 2 . 1 7 2 . 1 4 1 . 8 0 2 . 1 3 2 . 0 4 2 . 1 4

N E T H E R L A N D S 1 . 2 4 1 . i. 6 1 . 3 2 1 . 1 9 1 . 0 8 1 . 0 6 1 . 0 4 1 . 1 5

U . K . 1 . 7 1 1 . 1 0 1 . 3 7 1 . 1 3 l i . 95 0 . 9 9 0 . 6 9 1 . 2 0

5 - E U R O P E A N S 9 . 2 8 8 . 6 5 9 . 3 9 8 . 6 1 8 . 1 3 8 . 4 7 8 . 0 0 8 . 9 4

A L L - 7 1 9 . 1 3 1 9 * 9 6 2 1 . 5 5 2 0 . 2 7 1 8 . 8 7 1 9 . 1 8 1 8 . 6 5 1 9 . 6 9

C - X C H A N G E O V E R

C O R R E S P O N D I N G P E R I O D O F P R E V I O U S Y E A R

1 9 7 6 1 9 7 7 7 7 Q D 1 7 7 00 2 7 7 0 0 3 7 7 0 0 4 7 7 M 1 1 7 7 M 1 2

U . S . 2 8 . 8 2 2 . 4 4 4 . 2 3 4 . 9 1 3 . 2 4 . 9 0 . 1 1 . 6

J A P A N 2 . 0 3 . 6 1 1 . 6 2 . 5 0 . 7 - 0 . 2 - 3 . 8 4 . 4

F R A N C E 1 2 . 9 - 1 . 5 2 . 7 - 2 . 5 - 1 2 . 0 5 . 4 - 6 . 3 4 . 5

G E R M A N Y 9 . 9 - 1 . 4 1 5 . 9 1 . 2 - 6 . 2 - 1 2 . 6 - 1 4 . 0 - 1 3 . 0

I T A L Y 6 . 4 4 . 9 9 . 2 5 . 5 - 2 . 2 7 . 0 - 1 4 . 7 8 . 4

N E T H E R L A N D S 1 6 . 7 - 6 . 5 2 . 1 5 . 9 - 1 5 . 9 - 1 6 . 0 - 3 0 . 1 - 8 . 9

U . K . - 4 . 3 - 3 6 . 6 - 2 3 . 8 - 3 6 . 8 - 4 2 . 8 - 4 3 . 3 - 6 0 . 7 - 2 9 . 9

5 - E U R O P E A M S 7 . 7 - 7 . 3 1 . 4 - 5 . 7 - 1 4 . 5 - 9 . 8 - 2 2 . 6 - 6 . 2

A L L - 7 1 1 . 2 3 . 5 1 4 . 7 7 . 3 - 2 . 9 - 3 . 3 - 1 1 . 9 - 1 . 5

D - Y E A R - T O - D A T E O V E R

C O R R E S P O N D I N G O F P R E V I O U S Y E A R

1 9 7 6 1 9 7 7 7 7 Q 0 1 7 7 0 0 2 7 7 00 3 7 7 00 4 7 7 M 1 1 7 7 M 1 2

U . S . 2 9 . 2 2 2 . 1 4 2 . 7 3 6 . 6 2 9 . 0 2 2 . 1 2 4 . 2 2 2 . 1

J A P A N 2 . 2 3 . 5 1 1 . 1 6 . 8 4 . 8 3 . 5 3 . 4 3 . 5

F R A N C E 1 3 . 1 - 1 . 8 1 . 5 - 0 . 4 - 4 . 4 - 1 . 8 - 2 . 4 - 1 . 8

G E R M A N Y 1 0 . 2 - 1 . 7 1 4 . 8 7 . 8 2 . 5 - 1 . 7 - 0 . 4 - 1 . 7

I T A L Y 5 . 3 5 . 0 8 . 2 6 . 8 3 . 9 5 . 0 4 . 7 5 . 0

N E T H E R L A N D S 1 5 . 5 - 7 . 6 - 0 . 6 1 . 8 - 4 . 9 - 7 . 6 - 7 . 6 - 7 . 6

U . K . - 4 . 0 - 3 6 . 8 - 2 4 . 6 - 3 0 . 8 - 3 4 . 6 - 3 6 . 8 - 3 7 . 4 - 3 6 . 8

5 - E U P O P E A N S 7 . 6 - 7 . 6 0 . 1 - 2 . 8 - 6 . 9 - 7 . 6 - 7 . 7 - 7 . 6

A L L - 7 1 1 . 3 3 . 2 1 3 . 5 1 0 . 3 5 . 7 3 . 2 3 . 7 3 . 2

T A B L E 7 - C R U D S O I L P R O D U C T I O N ( O O O O O O ' S 9 A P R E L S / D A Y >

A C T U A L L E V E L S

1 9 7 6 1 9 7 7 M *■m

7 T Q 0 l 7 7 Q 0 2 m m m mm

7 7 0 0 3 7 7 0 0 4 mm m mm

7 7 M 1 1 m mm m m

7 7 M 1 2 m m m m m

O P E C C O U N T R I E S

A B U D H A B I 1 . 5 9 1 . 6 6 1 . 6 6 1 . 7 0 1 . 6 5 1 . 6 4 1 . 6 0 1 . 6 5

A L G E R I A 1 . 0 0 1 . 0 3 1 . 0 9 1 . 1 0 0 . 9 5 0 . 9 9 1 . 1 0 0 . 9 4

I N C O N E S I A 1 . 5 1 1 . 6 7 1 . 6 1 1 . 7 0 1 . 6 7 1 . 6 9 1 . 7 0 1 . 7 1

I R A N 5 . 8 8 5 . 6 6 5. 8 0 5 . 4 1 5 . 4 4 6 . 0 0 6 . 1 0 6 . 3 9

I R A K 2 . 1 5 2 . 2 8 2 . 3 1 2 . 1 9 2 . 2 3 2 . 3 9 2 . 4 0 2 . 3 9

K U W A I T ( 1 ) 2 . 1 5 1 . 8 6 1 . 8 6 1 . 8 4 1 . 9 1 1 . 8 6 1 . 9 0 1 . 8 1

L I B Y A 1 . 9 2 2 . 0 6 2 . 0 6 2 . 1 0 2 . 0 0 2 . 0 9 2 . 0 7 2 . 1 0

N I G E R I A 2 . 0 6 2 . 1 2 2 . 2 1 2 . 2 9 2 . 0 4 1 . 9 6 1 . 9 3 2 . 0 0

S A U D I A R A 3 1 A ( 1 ) ? . 5 8 9 . 1 3 9. 33 9 * 4 0 9 . 0 4 8 . 7 4 8. 9 3 8 . 6 5

V E N E Z U E L A 2 . 3 0 2 . 2 6 2 . 3 5 2 . 1 7 2 . 2 9 2 . 2 4 2 . 0 7 2 . 3 2

O T H E R O P E C 1 . 2 4 1 . 1 9 1 . 2 1 1 . 1 6 1 . 1 4 1 . 2 5 1 . 2 2 1 . 2 6

T O T A L O P E C

i i i i i i 1 Osl1 1 <->1 1 • 1 1 CM 1 1 SO 1 1 1 ■ i

3 0 . 9 3 3 1 . 4 P 3 1 . 0 4 3 0 . 3 7 3 0 . 8 4 3 1 . 0 2 • 1 H 1 • 1 CVi I o •

O E C D C O U N T R I E S

C A N A D A ( 2 ) 1 . 5 9 1 . 5 8 1 . 6 4 1 . 5 7 1 . 5 4

1.56 1.58 1.58

U . S . ( 2 ) 9 . 7 2 9 . 8 0 9 . 5 7 9 . 5 9 9 . 9 1

10.13 10.08 10.13

N O R W A Y 3 . 2 8 0 . 2 8 0 . 33 0 . 2 0 0 . 2 7

0. 32 0. 33 0.32

U . K . D . 2 4 0 . 7 5 0 . 6 2 0 . 7 8 0 . 8 0

o.ai 0.78 0.83

O T H E R O E C D 0 . 7 6 0 . 7 7 0 . 7 9 0 . 7 6 0 . 7 7

0.76 0.73 0.78

T O T A L O E C D 1 2 . 5 9 1 3 . 1 8 1 2 . 9 5 1 2 . 9 0

i ■ iCO 1 CVJ1 • 1 K> 1 H 1 1

13.60 13.51 13.64

O T H E R W O R L D

U S S R C H I N A

O T H . C P E C O U N T R I E S

1 3 . 3 6 1 . 6 5 3 . 3 9

1 1 . 0 8 1 . 7 7 0 . 3 9

1 0 . 7 5 1 . 7 5 0 . 39

1 0 . 9 3 1 . 7 7 0 . 3 9

1 1 . 0 4 1 . 7 7 0 . 3 9

1 1 . 6 0 1 . 8 0 0 . 4 0

1 1 . 8 6 1 . 8 0 0 . 4 1

1 1 . 8 6 1 . 8 0 0 . 4 0 H E XI C O

E G Y P T

O T H . C O U N T R I E S

3 . 8 0 3 . 3 2 2 . 4 5

0 . 9 1 0 . ^ 3 2 . 7 5

0 . 9 3 0 . 3 6 2 . 7 3

0 . 6 8 0 . 4 3 2 . 7 3

1 . 0 1 0 . 4 4 2 . 7 6

1 . 0 3 0 . 4 8 2 . 7 7

1 . 0 3 0 . 5 1 2 . 7 7

1 . 0 3 0 . 5 0 2 . 7 8

T O T A L O T H E R W O R L D 1 5 . 9 8 1 7 . 3 4 1 6 . 9 2 1 6 . 9 3 1 7 . 4 1 1 8 . 0 9 1 8 . 3 8 1 8 . 3 7

T O T A L W O R L D mm mm mmmm mmm

5 8 . 9 5 6 1 . 4 5 6 1 . 35 6 0 . 8 7 6 1 . 0 5 6 2 . 5 2 6 2 . 9 1 6 3 . 2 1

( l ) I N C L U D l M G 5 0 X N E U T R A L ? 0 N £ ( 2 Ï I N C L U D I N G N G L P R O D U C T I O N

1 3 / 0 2 / 7 8 I A B L E 7 < C T D ) - C R U D E O I L P R O D U C T I O N

I C H A N G E O V E R

C O R R E S P O N D I N G P Ü P I O D O F P R E V I O U S Y E A R

1 9 / 6 1 9 7 7 m m mm m

7 7 0 0 1 7 7 Q 0 2 m m m m m

7 7 Q 0 3 7 7 Q Ö 4 7 7 M 1 1 m m mm m

7 7 * 1 2

0 * £ C C O U N T R K m m m mm m m m m m m mm

S

A B U O H A 8 1 1 4 . 2 4 . 4 6 . 2 9 . 9 2 . 0 ^{m m}

A - G E R I A 1 4 . 2 3 . 4 8 . 9 9 . 9 - 2 . 2 - 3 . ) 1 3 . 8 - 1 4 . 7

I N D O N E S I A 1 3 . 2 1 5 . 9 I D . 4 1 3 . 1 1 0 . 8 9 . 2 1 3 . 3 8 . 2

I * A N 9. 2 - 3 . 8 1 0 . 7 - 5 . 6 - 8 . 6 - 9 . 2 - 8 . 5 - 3 . 9

I U K - 4 . 4 5 . 9 1 5 . 3 4 7 . 1 - 3 . 7 - 1 4 . 8 - 1 7 . 2 - 1 7 . 8

K U W A I T ( 1 ) 3 . D - 1 3 . 4 -3,.l 1 . 8 - 7 . 4 - 3 5 . 7 - 2 9 . 6 - 4 5 . 6

L I B Y A 2 9 . 2 7 . 4 1 4 . 1 8 . 5 0 . 6 7 . 3 1 0 . 7 4 . 8

N I G E R I A 1 5 . 3 2* 3 6 . 7 9 . 5 1 . 6 - 1 0 . ) - 1 2 . 1 - 8 . 8

S A U D I A R A B I A ( 1 ) 2 1 . 2 6 . 4 1 7 . 8 1 1 . 6 4 . 1 - 5 . 8 - 5 . » - 6 . 0

V E N E Z U E L A - 2 . 6 - 1 . 5 1 8 . 4 - 9 . 6 - 6 . 6 - 4 . 7 - 1 0 . 1 - 2 * 7

O T H E R O P E : 1 2 . e - 3 . 9 - 1 . 3 - 5 . 6 - 7 . 9 - 0 . 9 - 2 . 5 - 3 . 3

T O T A L O P E C 1 2 . D 1 . 8 H C\i • 6 . 5 - 1 . 4 - 8 . 3 - 7 . 5 - 9 . 0

O E C D C O U N T R I E S

C A N A D A ( 2 ) - 8 . 5 -i). 5 5 . 5 - 0 . 3 2 . 0 - 8 . 1 - 4 . 0 - 1 5 . 2

U . S . ( 2 ) - 2 . 8 3 . 8 - 2 . 4 - 1 . 5 2.fl 5 . 1 4 . 3 5 . 5

N O R W A Y 4 8 . 1 - 5 . 4 2 3 . 3 - 8 . 5 - 1 6 . 4 1 . 2 3 7 . 5 - 9 . 2

U . K . 6 ? 2 . 6 2 1 3 . 8 4 8 2 . 9 3 1 3 . 1 2 2 3 . 9 9 4 . 1 9 6 . 3 7 7 . 4

O T H E R O E C D D • 5 1 . 8 5 . 3 0 . 2 - 2 . 1 4 . 5 2 . 6 4 . 8

T O T A L O t C D - l . D 4 . 7 3 . 7 Ul «

■

5 « 6 6 . 1 6 . 7 4 . 7

O T H E R W O S . Ü

U S S R 5 . 8 6 . 9 5 . 9 6 . 2 6 . 0 9 . 6 1 2 . 3 1 1 . 4

C H I N A 1 3 . 6 7 . 6 1 2 . 3 7 . 1 8 . 6 2 . 9 2 . 9 2 . 9

0 T H . C P E C € U N T P I E S - 1 . 5 1 . 2 3 . 8 Û . 7 0 . 3 2 . 9 5 . 4 3 . 2

M E X I C O 1 6 . 5 1 3 . 6 2 4 . 4 - 1 3 . 7 2 1 . 4 2 1 . 7 2 1 . 7 2 1 . 7

E G Y P T 5 0 . 9 3 2 . 3 1 4 . 7 3 8 . D 3 4 . 7 4 0 * 9 5 1 . » 4 6 . 1

O T H . C O U N T R I E S - 5 . 8 1 2 . 2 1 8 . 6 1 3 . 0 1 0 . 3 7 . 7 6 . 2 6 . 7

T O T A L O T H E R W O R L D 5 . 2 8 . 5 9 . 4 6 . 6 8 . 2 9 . 7 1 1 . 4 1 0 . 8

T O T A L W O P . 0 7 . 1 4 . 2 9 . 5 5 . 9 2 . 7 - 0 . 5 0 . 6 - l . C

( 1 ) I N C L U D I N G 5 0 X N E U T R A L 7 u N E ( 2 ) I N C L U D I N G N G L P P O O U C T I O t f

- 1 6 -

T A 3 L E 8 - W E I G H T E D A V E R A G E C R U D E P R I C E S F O R A L L C R U D E O I L

A * - A B S O L U T E L E V E L S C ! F - E X C E P T U S ( 1 ) •

I N U S I / B L

7 4 Q Q 4 7 Q f* 4 7 6 Q 3 4 7 7 Q C 3 7 7 0 & 4 7 7 M 1 ) 7 7 M 1 1 7 7 M 1 2

m m a mmm

U . S . 1 1 . 4 7 li. • 7 6 1 2 . 5 4 1 3 . 4 1 1 3 . 5 5 13 . 4 7 1 3 . 6 2 1 3 . 5 7

J A P A N 1 1 . 5 9 l i . $ 7 1 2 . 5 0 1 3 . 6 6 1 3 . 9 7 1 4 .0 1 1 4 . 0 4 1 3 . 8 6

F R A N C E 1 1 . 5 6 l ó . l l 1 2 . 7 2 1 3 . 6 6 1 3 . 6 9 1 3 . 8 8 1 3 . 9 5 1 3 . 8 5

G E R M A N Y 1 2 . 2 4 U . 5 4 1 3 . 1 7 1 4 . 1 6 1 4 . 4 2 1 4 . 3 3 1 4 . 2 4 1 4 . 7 0

I T A L Y 1 1 . 5 6 l x . 8 5 1 2 . 3 4 1 3 . 2 3 1 3 . 4 0 1 3 . 4 3 1 3 . 3 7 1 3 . 4 0

N E T H E R L A N D S 1 1 . 3 8 1 ^ . 2 9 1 2 . 7 5 1 3 . 8 4 1 3 . 8 9 1 3 . 9 2 1 3 . 9 8 1 3 . 7 9

U . K . 1 1 . 1 0 li.. 7 0 1 2 . 3 3 1 3 . 6 9 1 3 . 9 7 1 3 . 8 3 1 3 . 9 4 1 4 . 1 1

5 E U R O P E A N S 1 1 . 5 8 1 ^ . 2 5 1 2 . 6 7 1 3 . 7 1 1 3 . 9 0 1 3 . 8 6 1 3 . 8 9 1 3 . 9 5

A . L - ? 1 1 . 5 6 1 ^ . 0 8 1 2 . 5 9 1 3 . 6 0 1 3 . 81 1 3 . 7 7 1 3 . 8 5 1 3 . 8 2

( 1 ) U S F O B V A L U E S G I V E N A B O V E A R E R O U G H L Y 8 % B E L C H C O R R E S P O N D I N G C IF V A L U E S

B • - I N D I C E S ( 1 9 7 4 = 1 0 0 ) ( B A S E D O N N A T I O N A L C U R R E N C Y )

7 4 U & 4 7 j, Q C; 4 7 6 Q ; U 7 7 Qs*3 7 7 Q 0 4 7 7 M l ) 7 7 M 1 1 7 7 * 1 2

m mum « m

U . S . 1 0 4 . 9 1 * 7 . 6 1 1 4 . 8 1 2 2 . 7 1 2 4

.0

J A P A N 1 1 1 . 3 1 * 7 . 4 1 1 7 . 4 1 1 6 . 3 H i .4 1 1 4 . 4 1 ) 9 . 9 li/7 .0

F R A N C E 1 0 8 . 3 1 x 3 . 6 1 2 7 . 9 1 3 4 . 8 1 3 5 . 6 1 3 6 . 1 1 3 6 . 6 1 3 3 . 9

G E R M A N Y 1 0 2 . 2 l v 7 . 8 1 3 5 . 0 1 0 8 . 1 1 ) 6 . 1 1 0 8 . } 1 ) 5 . 6 1 0 4 . 7

I T A L Y 1 0 8 . 7 l i 3 . 0 1 4 9 . 1 1 6 3 . 6 1 6 4 . 9 1 6 5 . 7 1 6 4 . 5 1 6 4 . 5

N E T H E R L A N D S m . e U 2 .4 1 1 0 . 2 1 1 6 . 4 1 1 * . 1 1 1 6 . 3 1 1 5 . 9 1 1 0 . 2

U . K . 1 0 7 . 9 U 9 . 7 1 6 8 . 9 1 7 8 . 5 1 7 4 . 2 1 7 6 . 8 1 7 3 . 6 1 7 2 . 4

5 E U R O P E A N S 1 0 6 . 3 1 x 5 . 6 1 3 4 . 7 1 4 3 . 1 1 4 2 . 0 1 4 3 . 5 1 4 2 . 2 1 4 0 . 4

A L L - 7 1 0 7 . 3 1 x 4 . 6 1 2 6 . 6 1 3 2 . 5 1 3 0 . 7 1 3 2 . 4 1 3 0 . 7 1 2 8 . 9

- 1 7

GRA P H - 1 U.S. AND JAPAN OIL CONSUMPTION U.S.

JAPAN

NDT SEASONALLY ADJUSTED

SEASONALLY ADJUSTED.3-MONTHS MOVING AVERAGE

PE R C EN T M BD

- 1 8 -

GRAPH 2- 5-EUR.OIL CONSUMPTION

__________ N O T SEASONALLY ADJUSTED

_________ SEASONALLY ADJUSTED.3-MONTHS MOVING AVERAGE

GRAPH 3- NEXT 3 MONTHS STOCKS EXPECTATION (BEL.FRA.GER,ITA)

REFINER.S OPINION SURVEY, ADEQUACY OF PRODUCT STOCKS IN 4 EEC COUNTRIES

THE PLO T S REPRESENT THE (VEIGHTEO) PERCENTAGE O F ALL RESPONDENTS CONSIDERING PRODUCT STOCKS TO BE HIG H E R THAN NORMAL MINUS THE (VEIGHTEO) PERCENTAGE OF ALL RESPONDENTS CONSIDERING PROOUCT STOCKS TO BE LOVER THAN NORMAL

PE R C EN T

- 1 9 -

GRAPH 4-MOTOR GASOLINE CONSUMPTION

U . S .

5-EUROPEANS

c e - 5 —

_1

x :

e . o — —

1.5

1.0 —

_

0 . 5 » 1 « « 1 » » 1 » « 1 1 1 1 1 1 t 1 1 1 1 t i 1 1 1 1 1 1 I 1 1 . . 1 . .

74 75 76 77

JAPAN

““ —

'—0‘

—1 1_1_1_i_i_1_1_L-JL-J— i-i. [- 1 J 1 -1-1 1 1 1 -1—1 1 «—-1— L-1 -L I « t I I 1 1 -1 L 1- !.. I 1 1

_

74 75 76 77

. N O T SEASONALLY ADJUSTED

S E A S ONALLY ADJUSTED.3-MONTHS MOVING AVERAGE

h B O

- 2 0 -

GRAPH 5-MIDDLE DESTILLATES CONSUMPTION

U . S .

S-EUROPEANS

JAPAN

N O T SEASONALLY ADJUSTED

S EASONALLY ADJUSTED,3-MONTHS MOVING AVERAGE

ME D

- 21 -

GRAPH 6-RESIDUAL FUEL CONSUMPTION

U.S.

| < . S — — c . s g

Ö

4 . 0 — — 4 . 0

3 . 5 — — 3 . 5

3 . 0

s . / v \

/

\ ____ - - * 7

e . s i j e . s

e . o — e . o

4 . 5 ■ i 1 i i 1 i i 1 i i 1 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1 1 . 5

7C 75 7G 77

5-EUROPEANS

JAPAN

N OT SEASONALLY AQJUSTEO

S E A S ONALLY ADJUSTED.3-HONTHS MOVING AVERAGE

- 2 2 -

GRAPH 7- US,5-EUROPEANS,JAPAN CRUDE IMPORTS U.S.

5-EURQPEANS

7 . 0

»» ' 6 . 5

6.0

5 . 5

5 . 0

4.5

4 . 0

3 . 5

3 . 0

— 1 1 1 1 1 l 1 jl JL I 1 74

_j_j— i i » i 1 » 1 -1 I....

75

■j _ i i 1 1 l » » i 1 1 76

» 1-1 — » 1 1 * 1— 1— 1— 1—

77

1 1 1.1 L .

—

JAPAN

—

- / sA > A A

A

A yL /y

\ n A r

* ■ V

■ i i l 1 1.1 1 i l l 1 - » » 1 » » L i « 1 » » ■■1.1 1 1 1 1 1 1 i 1.. i, ■ -L 1 .1 I 1 1 M 1 1 1 - - « » 1 « *—

74 75

ie.0{

t 1 1 . 5

11.0

1 0 . 5

10.0

3 . 5

9.0

8 . 5

8.0 7 . 5

7 . 0 3 eres 6 . 5

6.0

5 . 5

5 . 0

4 . 5

4 . 0

3 . 5

3 . 0

76 77

NOT SEASONALLY ADJUSTED

SEASONALLY A D J U S T E D .3-MDNTHS MOVING AVERAGE

PE R C EN T

GRAPH 8- FR+GE+IT CRUDE IMPORTS

- 2 3 -

N O T SEASONALLY ADJUSTED

SEASONALLY ADJUSTED.3-MONTHS MOVING AVERAGE

GRAPH 9- NEXT 3 MONTHS PRODUCTION EXPECTATION (B.F.G.I) REFINER S OPINION SURVEY. PRODUCTION EXPECTATIONS FOR

THE NEXT THREE MONTHS IN C EEC COUNTRIES

THE CURVES REPRESENT THE (WEIGHTED) PERCENTAGE OF ALL RESPONDENTS EXPECTING PRODUCTION INCREASES UP TO THE MONTH PLOTTED MINUS THE (WEIGHTED) PERCENTAGE OF ALL RESPONDENTS EXPECTING PRODUCTION DECREASES UP TO THE MONTH PLOTTED

PE R C EN T

1100 oqai

1050

1000

350

300

850

800

750 -11050

o qn 1000

350

300

850

800

750

700

650

600 _j 500

CQx:

450

400

350

300

£50

£00

150

100

1100 3

tar“

1050

1000

350

300

850

800

750 1050 3

OD 1000

350

300

850

800

750

700

650

600 500 3

GoI—

450

400

350

300

£50

£00

150

100

- 2 4 -

GRAPH 10-CRUDE AND PRODUCTS STOCKS

S S

/

,

^ y

— U.S. / j _

/ /

_

, » /

a \ / >

\ v * --7 /

_

V / C n / / \ /

_

* \ y

' —• — ✓ x / 1/ ▼

/ / \v-y

— y f/

111 11 I 11111 • 1 I 11 I 1 1111 • 1 1111 11 11 1 . . 1 . .

74 75 76 77

5- E U R D P E A N S

■1 I I I I 1 1 I I I I I I I .1 I— 1 _ 1 I I 1 I » 1 I I 1 I I 1 I I I I I 1 I I 1 I I I I I 1 I . I I I I I 1_

74 75 76 77

J A P A N

■ I I ‘ I I « t n I I I 1 tl I 1 ^l J I 1 I I I I I I 1 I I I I I I I I I I I I I I 1 I I I 1 I I I L

74 75 76 77

___________ N O T S E A S O N A L L Y A D J U S T E D

--- S E A S O N A L L Y A D J U S T E D .3- M O N T H S M O V I N G A V E R A G E it) B R E A K IN S E R I E S - S E E F O O T N O T E T A B L E 5-

- 2 5 -

GRAPH 11- OPEC CRUDE PRODUCTION

GRAPH 12- ALL-7 CRUDE IMPORTS

N O T SEASONALLY ADJUSTED

S E A S O N A L L Y A D J U S T E D . 3 - M O N T H S M O V I N R A V F R A G F

ffffW

2 6 -

GRAPH 13 U.S.CRUDE PRODUCTION

GRAPH 14- 5-EUR.+N0RWAY CRUDE PRODUCTION

U S F

- 27 -

GRAPH 15- CRUDE OIL IMPORT PRICES, IN US DOLLARS

- 2 8 -

-GRAPH 16- INDUSTRIAL PRODUCTION 1970=100 (1)

(1) SEASONALLY ADJUSTED

29

T E C H N I C A L N O T E S

M o n t h l y oil d ata are m a i n l y taken from publ ish ed national s o u r c e s , th erefore, they may d i f f e r sl i g h t l y fr o m c omp ar a b l e d a t a i n O E C D p u b l i c a t i o n s w h i c h are based on standard

q u e s t i o n n a i r e s . S o u r c e s

— P r o d u c t i o n d a t a are f ro m v a r i o u s p u bl ishe d sources;

— I m p o r t s and co n sumption dat a are f r o m r e f i n e r y s u r v e y s carried out m o n t h l y by the prof ess ional a s s o c i a t i o n s of the P e t r o l e u m Industry;

— D a t a o n stocks levels are e i t h e r pub l i s h e d d a t a (US and Japan) or are taken f r o m the M o n t h l y OECD S t o c k Reports. For some E u r o p e a n countries, d a t a o n s t ock levels remain conf iden tia l, t h e r e f o r e E u r o p e a n data are only given in a g g r e g a t e form;

— Th e m o n t h l y refiner's o p in i on surve y is carried out b y e c o n o m i c research i n s tit u tes and st atist ica l o f f i c e s of EEC countries.

T i m e lags

I n theory, the import, stock and o p i n i o n d a t a are

a v a i l a b l e at t h e ti collecting agency two w e e k s after the end of

i -

the m o n t h . However, some of the Eu r o p e a n and J a p a n e s e figures u n d e r g o l e n g t h y processing (opinion surveys) or are k ept con­

f i d e n t i a l , i.e. can on l y be used in regional ag gr e g a t e s until o f f i c i a l f i g u r e s are available four w e e k s later.

P r e s e n t a t i o n and its use

I n a d d i t i o n to actual levels, d e r ive d serie s are shown

in t h e f o r m of seas on al ly adjusted series, c h a n ges against same

p e r i o d of p r e v i o u s year and y e a r - t o - y e a r c h a n g e s o ve r c o r r e s p o n d ­

ing of p r e v i o u s year. Changes against same period of pre vious

ye a r a r e a p o p u l a r way, in the Petr oleu m Press, to elim ina te

s e a s o n a l e f fe ct s. This, however, can be mislead ing , and

s e a s o n a l l y ad j u s t e d figures should, preferably, be used in

o r d e r t o d e t e r m i n e latest trends. 'Year-to-date change s give a

b a s i c f o r w a r d e s ti m ate for the full y e a r - t o - y e a r change.

- 30

Or i g i n a l un i t s and conversions

C onv e r s i o n into bbl

1 litre « 0 . 0 0 6 2 9 bbl - Crude: 1MT > 7.3 bbl

- Total Products: 1MT = 7.8 bbl - M o t o r Gasoline: 1MT » 8. 5 3 bbl - Mid d le D i st illat es: 1MT = 7.46 bbl - Residual Fuel: 1MT « 6.66 bbl

To c o n v e r t into b b l / d a y the monthly figures are d i v i d e d by the actual n u m b e r of d a y s in a month.

G e n e r a l d e f i n i t i o n s

D o m e s t i c c o n s u m p t i o n : net production of p r o d u c t s

plus i m p o r t s of produ c ts mi nus export of p r o d u c t s ( inc ludin g in t e r n a t i o n a l m a r i t i m e bunkers) minus net i n c r e a s e in stocks.

— M o t o r ga so l i n e

i '

I n c l u d e s p r e mi um and regular m ot o r ga solin e.

Ex c l u d e s a viation gasoline.

— M i d d l e d i s t i l l a t e s

I n c l u d e heating oil and gas diesel oil, e x c l u d e jet fuels.

— R e s id ual fuel oil H e a v y fuel oil.

C r u d e p r o d u c t i o n : includes, w here a p p l i c a b l e (mainl y US), c o n d e n s a t e s and NGL.

C r u d e oil i m p o r t s : entries into n a tio nal t e r r i t o r y i r r e s p e c t i v e of custo ms boundaries and of final d est i n a t i o n ; f e e d s t o c k s are excluded.

US Japan Europe

O r i g ina l unit b b l / d a y

kl o r M 3/month M T / m o n t h

Oth e r

c o u n t r i e s ... _{. .} (crude b b l / d a y produc ti o n)

/

- 31 -

Oil s t o c k s : located on national t e r r i t o r y wit h the e x c e p t i o n of m i li ta ry stocks.

- US and Japan:

E ur o p e a n countries:

All stocks of cru d e oil, of fee dstocks and of finished products. US stocks include oil in pipelines.

Stocks of cr ude oil, feedstocks, motor g a s o l i n e and a v i ati on fuels, middle d i s t ill ates, fuel oils.

Oil in p i p e lin es excluded.

A v e r a g e crude oil import p r i c e s : are derive d from pu b l i s h e d c u s t o m s ’ statistics by divid ing the val ue (in national currency) of crude oil imported in a giv en period by the c o r r e s p o n d i n g volume. For c o n v e r s i o n into US dollars, o f f ic i a l IMF excha n ge rates are used.

US

S o u r c e s

Sources

API w e e k l y and monthly surve y s (provisional figures)

A*I ’

BOM ’ M o n t h l y Energy Review' (final figures)

Ex c e p t i o n s to General Defin iti o n s

D o m e s t i c c o n s u m p t i o n : includes bu n kers

C r u de oil i m p o r t s : excl uding import s into H a w a i i a n Foreign T r a de Zone

J ap a n

- MITI p r e l i m i n a r y report D o m e s t i c c o n s u m p t i o n : includes (provisional figures)

- MITI (Monthly Statistical Repo r t on Energy

(final figures)

- MITI 'Monthly Report on E l e c t r i c Power Statistics'

(crude for direct burning)

/ .

- 32 -

S o u r c e s c o n i »

S o u r c e s F r a n c e

- D i r e c t i o n d e s C a r b u r a n t - C o m i t é p r o f e s s i o n e l du

P é t r o l e ’B u l l e t i n M e n s u e l ' ( p r o v i s i o n a i and final f i g u r e s )

G e r m a n y

- B u n d e s a m t für g e w e rb l ich e W i r t s c h a f t ’ M i n e r a l ö l ­

s t a t i s t i k de r B un de srepublik D e u t s c h l a n d * (provisionai a n d fin al figures)

Italy

- M i n i s t e r o d e l l ’industria e d i v e r s u (crude i m p o r t s f i g u r e s )

- U n i o n e Petrolif e ra:

• N o t i z i e S t a t i s t i c h e ’ ( d o m e s t i c q d n s u m p t i o n f ig u r e s )

N e t h e r l a n d s

- C B S M a a n s c h r i f t ( pr o vi s i o n a i and fin al figures)

E x c e p t i o n s to G e n era l D e f i n i t i o n s C r u d e oil imports: q u a n t i t i e s

in tran sit are e x c l u d e d

D o m e s t i c c o n s u m p t i o n : q u a n t i t i e s sold and b i l l e d by the p e t r o l e u m c o m p a n i e s d u r i n g the m o n t h und e r c o n s i d e r a t i o n

Do m estic c o n s u m p t i o n : dis po s a l at r efi n e r i e s . R e t u r n fr om p e t r o c h e m i c a l s are d e d u c t e d

/

33 -

Sou r c e s c o n t .

S ources UK

- D e p a r t m e n t of Energy

• Energy Trends'

( p r o visional and final f i g u r es

E x c e p t i o n s to Gener al Définitions

C r u d e I m p o r t s : net arrivals, i.e. a r r i v a l s m i n u s shipmen ts

D o m e s t i c c o n s u m p t i o n : d eliveries in the UK and the Channel Islands i n clu ding p e t r o l e u m s u b s t i tut es m a r k e t e d by the p e t r o l e u m industry.

T he f i g u r e s are inc l u s i v e of

p e t r o l e u m i n d ust ry's own use

/