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International energy.

Crude Oil Production. World crude oil production during November 1997 was 67 million barrels per day, down 0.2 million barrels per day from the level in the previous month.

Organization of Petroleum Exporting Countries (OPEC) production during November 1997 averaged 29 million barrels per day, down 0.2 million barrels per day from the level during the previous month. During November 1997, production increased in both Iran and Indonesia by 50 thousand barrels per day, Venezuela by 30 thousand barrels per day, and Qatar by 20 thousand barrels per day. Production decreased in Iraq by 235 thousand barrels per day, Saudi Arabia by 50 thousand barrels per day, Nigeria by 40 thousand barrels per day, and the United Arab Emirates by 20 thousand barrels per day. Production remained unchanged in Kuwait, Libya, and Algeria.

Among the non-OPEC nations, production during November 1997 increased in the United States by 15 thousand barrels per day and Canada by 14 thousand barrels per day. Production decreased in Norway by 17 thousand barrels per day. Production also decreased slightly in Russia, the United Kingdom, and Mexico. Production remained unchanged in China and Egypt.

Petroleum Consumption. In September 1997, consumption in all Organization for Economic Cooperation and Development (OECD) countries was 42.8 million barrels per day, 5 percent higher than the September 1996 rate. The consumption rate was higher than it was 1 year ago in Canada (+15 percent), France and Germany (both +7 percent), Japan (+6 percent), the United States (+5 percent), and Italy (+4 percent). The consumption rate was lower in the United Kingdom (-5 percent), compared with the rate I year earlier.

Petroleum Stocks. For all OECD countries, petroleum stocks at the end of September 1997 totaled 3.7 billion barrels, 1 percent higher than the ending stock level in September 1996. Stocks were higher in France (+4 percent), the United States (+3 percent), Japan (+2 percent), and the United Kingdom (+1 percent). Stock levels were lower in Italy (-11 percent), Canada (-4 percent), and Germany (-1 percent), compared with levels 1 year earlier.

Nuclear Electricity Generation. based on Nucleonics Week(2) information for November 1997, all reporting countries with nuclear capacity generated 197 gross terawatthours (one terawatthour equals I billion kilowatthours) of nuclear-generated electricity.

As of November 30, 1997, there were 436 operable nuclear generating units in the world.

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Sources for Tables 10.1a and 10.1b

United States

Table 3.1a.

Other Countries: Annual Data

1973-1979: Energy Information Administration (EIA), International Energy Annual 1981, Table 8.

1980-1995: Office of Energy Markets and End Use, International Database, April 1997.

1996: Average of monthly data.

Other Countries: Monthly Data

1995-1997: Petroleum Intelligence Weekly, the Oil and Gas Journal, and other industry sources.

World: Annual Data

1973-1979: EIA, International Energy Annual 1981, Table 8.

1980-1995: Office of Energy Markets and End Use, International Database, April 1997.

1996: Average of monthly data.

World: Monthly Data

1995-1997: EIA, International Petroleum Statistics Report, sum of all countries' monthly data.

1 Percentage changes are based on unrounded data.

2 A copyrighted publication of The McGraw-Hill Publishing Companies, Inc. Used with permission.
COPYRIGHT 1998 US Department of Energy
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998 Gale, Cengage Learning. All rights reserved.

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Publication:Monthly Energy Review
Date:Feb 1, 1998
Words:579
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