Oilwatch Monthly - July 2008

The July 2008 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 1.34 MB, 22 pp). In this edition I have added biofuels, monthly production revision charts and a barrel to BTU conversion section.

Figure 1 - World Liquids Fuel Production excluding biofuels January 2004 - May 2008

A summary and latest graphics below the fold.


Latest Developments:

1) Conventional crude - Latest available figures from the Energy Information Administration (EIA) show that crude oil production including lease condensates decreased by 272,000 b/d from March to April. Overall crude oil production statistics have been revised downwards, leading to a lower all time high crude oil production of 74.59 million b/d that still stands at February 2008.

2) Total liquids - not updated

A selection of charts from this edition:

Figure 2 - World weighed average price of oil in dollars and euro's January 2001 - 4 July 2008

Figure 3 - World Biofuels Production January 2004 - May 2008

Figure 4 - World Liquids Fuel Production including biofuels January 2002 - May 2008

Figure 5 - World Crude Oil Production January 2002 - April 2008

Figure 6 - Non-OPEC Crude Oil Production January 2002 - April 2008