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62 comments on IEA Monthly Report for December

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peakearl on January 18, 2006 - 2:40am

I am most confused by the fact that they say OPEC supply declined by 280 thousand bpd in December yet global supply increased by 600 thousand bdp. They should check their calculators for shorts.

"OPEC crude supply declined 280 kb/d in December to 29.3 mb/d. Iraqi supply fell to 1.55 mb/d from November's 1.7 mb/d. Nigerian production was also disrupted in December and January."

And yet production increases substantially Nov to Dec?
Can't wait for the revised figures next month.

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Luis de Sousa on January 18, 2006 - 5:49am

Well that probably have to do with the "Others" production.

Sometimes these IEA spreadsheets look like some sort of horror movie catalog.

"The Others' production" coming to theatre near you.

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Oil CEO on January 18, 2006 - 6:24am

Do you have IEA spreadsheets? I need them. I'm serious. I love horror movies too, by the way.

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Luis de Sousa on January 18, 2006 - 10:25am

I'm sorry to disapoint you, I don't. Searching here you only get graphs.

It was just a form of speech, I was referring to the Oil Market Report, where others is recurrent.

"The others" is also referred by Deffeyes as a way IEA has been using to hide the real numbers. That's why I asked Stuart for the O&GJ data.

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peakearl on January 18, 2006 - 12:47pm

The full market report is available about two weeks after the summary for nonsubscribers. It has much more data, but probably not the level of detail you are hoping for. Right now we can only get the full report pub in Dec.

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