20230930IEF2023年九月度石油和天然气数据审查23303kb.docxVIP

MonthlyOilGasDataReview

SummaryfindingsfromthelatestJODIoilgasdatabasesupdate

September2023

EnergySecurityThroughDialogue 1

ief.org

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JODIOilupdatebythenumbers

51countriesupdatedthedatabasewiththemostrecentJuly2023data

OilDemand101%ofJuly2019levelsCrude

OilDemand

101%

ofJuly2019levels

Crude+NGLProduction

96%

ofJuly2019levels

340

Millionbarrelsbelowthe5-yearavg

OilOverview:UpdatewithDataThroughJuly2023

OildemandinJODI-reportingcountriesfellby~3mb/dmonth-on-monthinJulybutitremainedata5-yearseasonalhigh.

Them/mdeclineindemandwasdrivenbyChina,India,andIndonesia.

Despitethem/mdecline,demandwasup3.4mb/dy/y.They/ygainsweredrivenbyChina,US,andIndia.

Gasolinedemandwasa5-yearseasonalhighwithSpain,ItalyandTurkeyseeing8+yearhighdemand.

China’scrudeimportsfellby2.4mb/dm/mto10.3mb/d–a6-monthlow.

Crudeoilproductionfellby1.8mb/dinJulytoa22-monthlow,drivenbylowerproductioninSaudiArabia,US,andChina.Notably,RussianproductiondatahasnotbeenreportedsinceMarch.

Saudicrudeproductionfellby943kb/dto9.01mb/dwhileitscrudeexportsdroppedby792kb/dto6.01mb/d–a25-monthlow.

CrudeandrefinedproductinventorieshadanetbuildinJuly,buttheyremained340mbbelowthefive-yearaverage.

JODIGasupdatebythenumbers

55countriesupdatedthedatabasewiththemostrecentJuly2023data

GasDemand100%of

GasDemand

100%

ofJuly2022levels

GasProduction

99%

ofJuly2022levels

30.0

Billioncubicmetresabovethe5-yearavg

GasOverview:UpdatewithDataThroughJuly2023

Naturalgasproductionroseseasonallyby3.1bcm.

Month-on-monthgainsweredrivenbyNorway(+2.2bcm)andQatar(+0.7bcm).

Russiangasproductionremainedlargelyflatmonth-on-monthat7-yearseasonallows.

Naturalgasdemandroseseasonallyby12.8bcminJulyandwasnearthetopofthe5-yearrange.

Demandgainswer