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Section 10. International Energy.

Crude Oil Production. World crude oil production during October 2000 was 69 million barrels per day, up by 0.4 million barrels per day from the level in the previous month.

Organization of Petroleum Exporting Countries (OPEC) production during October 2000 averaged 30 million barrels per day, down 0.3 million barrels per day from the level during the previous month. During October 2000, production decreased in Saudi Arabia by 175 thousand barrels per day and Indonesia by 30 thousand barrels per day. Production increased in Iraq by 130 thousand barrels per day; Nigeria by 100 thousand barrels per day; Iran by 80 thousand barrels per day; Venezuela by 70 thousand barrels per day; both the United Arab Emirates and Algeria by 20 thousand barrels per day; Libya by 10 thousand barrels per day; and both Qatar and Kuwait by 3 thousand barrels per day.

Among the non-OPEC nations, production during October 2000 increased in Norway by 235 thousand barrels per day; the United Kingdom by 136 thousand barrels per day; the United States by 53 thousand barrels per day; and Russia by 43 thousand barrels per day. Production decreased in Mexico by 312 thousand barrels per day; Canada by 30 thousand barrels per day; and China by 5 thousand barrels per day. Production remained unchanged in Egypt.

Petroleum Consumption. In August 2000, consumption in all Organization for Economic Cooperation and Development (OECD) countries was 43.7 million barrels per day, 3 percent higher than the August 1999 rate. Comparing August rates in 2000 and 1999, consumption was higher in 2000 in Germany (+12 percent); Italy (+6 percent); Japan and France (both +4 percent); Canada (+3 percent); and the United States (+1 percent). The August 2000 consumption rate was lower in the United Kingdom (-1 percent), compared with the rate 1 year earlier.

Petroleum Stocks. For all OECD countries, petroleum stocks at the end of August 2000 totaled 3.6 billion barrels, 6 percent lower than the ending stock level in August 1999. Stock levels were lower in August 2000 in Germany (-11 percent); the United Kingdom (-6 percent); the United States (-5 percent); France (-4 percent); Japan (-3 percent); and Canada (-2 percent). Stock levels were higher in Italy (+1 percent), compared with levels 1 year earlier.

Nuclear Electricity Generation. Based on Nucleonics Week(2) information for October 2000, all reporting countries with nuclear capacity generated 206.7 gross terawatthours (one terawatthour equals 1 billion kilowatthours) of nuclear-generated electricity.

As of October 31, 2000, there were 434 operable nuclear generating units in the world.

[Figures 10.1-10.5 ILLUSTRATION OMITTED]

[TABULAR DATA 10.1-10.4 NOT REPRODUCIBLE IN ASCII]

(1) Percentage changes are based on unfounded data.

(2) A copyrighted publication of The McGraw-Hill Publishing Companies, Inc. Used with permission.

Sources for Tables 10.1a and 10.1b

United States--See Table 3.1a.

All Other Countries: Monthly Data 1998-forward: Petroleum Intelligence Weekly, Oil and Gas Journal, and other industry sources.

All Other Countries: Annual Data 1973-1979: Energy Information Administration (CIA), International Energy Annual 1981, Table 8. 1980-1998: Office of Energy Markets and End Use, International Energy Database, December 1999. 1999: Average of monthly data.

World: Monthly Data 1998-forward: CIA, International Petroleum Monthly, sum of all countries' monthly data.

World: Annual Data 1973-1979: CIA, International Energy Annual 1981, Table 8.

1980-1998: Office of Energy Markets and End Use, International Energy Database, December 1999. 1999: Average of monthly data.
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Publication:Monthly Energy Review
Geographic Code:00WOR
Date:Jan 1, 2001
Words:568
Previous Article:Section 9. Energy Prices.
Next Article:Appendix A. Thermal Conversion Factors.
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