International Energy Agency: How the Agency Prepares Its World Oil Market Statistics: RCED-99-142

May 1999
GAO Reports;5/7/1999, p1
Government Document
Oil companies, investment firms, governments, and other players in the world oil market need timely and accurate information on world oil supply, demand, and stocks to make decisions about current and future sales and purchases of oil. The International Energy Agency (IEA), which was established in the wake of the 1973-74 Arab oil embargo, is a source of such information. This report answers the following questions: How does IEA prepare its historical and projected world oil market statistics? What accounted for the missing barrels in IEA's historical world oil market statistics in 1998?


Related Articles

  • Venezuelan Oil. Sivesind, Eric J. // Challenge (05775132);May/Jun80, Vol. 23 Issue 2, p55 

    Venezuela exports more oil than any other nation in the Western Hemisphere. 1.9 million barrels a day in 1978, 34 percent of which goes directly to the U.S. The spectacular size of the recent petroleum discoveries in Mexico has caused a sensation in energy circles and diverted attention away...

  • Country Risk Summary: MOROCCO.  // Africa Monitor: North Africa Monitor;Sep2004, Vol. 9 Issue 9, p2 

    The government has lifted visa requirements for Algerian nationals entering the kingdom, signalling a tentative warming of relations. Bitter differences between the two countries have long impeded the regional integration efforts of the Arab Maghreb Union (AMU), an institution that also includes...

  • Will Trade Gas for Wheels. Meredith, Robyn // Forbes Asia;1/29/2007, Vol. 3 Issue 2, p20 

    This article explains that China may not be selling many cars globally just yet, but its vehicle exports are rolling out nicely to one noxious client--Iran. The burgeoning Chinese auto sector expects to quintuple its exports there this year, and shipments of other goods are following suit. Iran...

  • French Twist. Timmerman, Kenneth R. // New Republic;3/17/2003, Vol. 228 Issue 10, p10 

    Offers observations on French-Iraqi commerce, which results in funding Iraqi illicit weapons programs. France is responsible for nearly 25 percent of Iraq's imports, trade worth nearly $1.5 billion to French companies. What they overlook is that France has been providing equipment with military...

  • Trade deficit to shrink.  // Asia Monitor: South East Asia Monitor Volume 1;Feb2005, Vol. 16 Issue 2, p5 

    This article informs that Vietnam's exports have been growing faster than imports in 2004 and as a result the full-year trade deficit will narrow. Faster-than-expected growth in exports is mostly due to the higher price of oil, of which Vietnam is a net exporter. Vietnam's exports during the...

  • Oil Prices and the U.S. Trade Deficit. Cavallo, Michele // FRBSF Economic Letter;9/22/2006, Vol. 2006 Issue 24, p1 

    The article examines the relationship between the sudden increase in oil prices and the trade deficit in the U.S. From January 2002 to July 2006, the overall monthly trade deficit went from $30 billion to $68 billion. In addition, the petroleum-related trade deficit went from $6 billion to $26...

  • RISK SUMMARY: SAUDI ARABIA.  // Middle East Monitor: The Gulf;Jun2005, Vol. 15 Issue 6, p2 

    The article presents news from oil producing countries about oil market. The Saudi Arab's quest for World Trade Organisation (WTO) membership still faces some significant barriers. Talks between Saudi and U.S. officials in March and April were seen as a positive sign for U.S. support of Saudi...

  • Understanding the True Dynamics. Engdahl, William F. // Military Technology;2006, Vol. 30 Issue 4, p22 

    The article discusses the clarification regarding the oil bourse in Iran which is said to be the real reason of the conflict between the U.S. and Iran. Accordingly, the establishment of an oil bourse in the country which can be traded in various currencies triggers the role of dollars as a...

  • TECHNOLOGY, ECONOMICS, AND POLITICS OF OIL: A global view. Parvin, Manoucher // Journal of International Affairs;Spring/Summer76, Vol. 30 Issue 1, p97 

    Discusses the technological, economic and political problems of the international oil industry. Solutions of economists to the global energy problems; Global redistribution of resources; Trends in global energy industries.


Other Topics