International Energy Outlook 2003

Table 16.  Comparison of World Oil Production Forecasts

Forecast

Percent of World Total

Million Barrels per Day

OPEC

EE/FSU

Other Non-OPEC

OPEC

EE/FSU

Other Non-OPEC

Total

History

             

  2001

39

13

48

30.4

9.8

37.1

77.0

Projections

             

  2005

             

    IEO2003

39

12

48

31.6

10.0

39.1

80.7

    GIIa

37

10

49

30.6

8.7

40.6

83.2

    PEL

37

13

47

30.4

10.3

38.4

81.1

    PIRA

34

13

53

28.4

10.5

43.5

82.4

    DBAB

37

14

47

30.1

11.4

37.7

80.8

  2010

             

    IEO2003

40

13

46

36.1

11.9

41.3

89.3

    GIIa

38

11

48

34.7

10.0

44.5

89.1

    IEAb

40

14

39

35.9

12.7

35.1

88.9

    PEL

40

13

45

35.6

11.6

39.7

89.1

    PIRA

35

15

50

32.1

13.3

46.1

91.5

    DBAB

41

16

41

36.5

14.1

36.4

89.1

  2015

             

    IEO2003

42

14

44

41.4

13.6

43.4

98.4

    GIIa

38

11

47

39.3

11.5

48.2

102.6

    PEL

46

13

39

44.4

12.7

37.6

97.0

    PIRA

38

15

47

37.5

15.3

46.7

99.5

    DBAB

42

17

39

41.5

16.3

38.1

98.3

  2020

             

    IEO2003

45

14

42

48.2

14.8

44.8

107.8

    GIIa

42

11

44

47.3

12.0

49.9

112.7

    IEAb

48

13

31

50.2

13.9

31.8

104.1

    DBAB

43

17

37

46.9

18.9

40.3

108.7

  2025

             

    IEO2003

47

14

39

55.6

16.3

46.4

118.3

    DBAB

45

18

35

54.3

21.9

42.0

121.1

aIn the GII projections, EE/FSU includes only Russia.
bIEA total supply numbers include processing gains and unconventional oil. As a result, regional percentages do not add to 100.
Note: IEA, GII, PEL, and DBAB report processing gains separately from regional production numbers. As a result, the percentages attributed to OPEC, EE/FSU, and Other Non-OPEC do not add to 100.
Sources: IEO2003: Energy Information Administration, System for the Analysis of Global Energy Markets (2003). GII: Global Insight, Inc., Oil Market Outlook: Long-Term Focus, Spring/Summer 2002 (Lexington, MA, 2002), p. 30. IEA: International Energy Agency, World Energy Outlook 2002 (Paris, France, September 2002), p. 96. PEL: Petroleum Economics, Ltd., World Long Term Oil and Energy Outlook (London, United Kingdom, June 2002), p. 47. PIRA: PIRA Energy Group, Retainer Client Seminar (New York, NY, October 2002), Table II-3. DBAB: Deutsche Banc Alex.Brown, Inc., “World Oil Supply and Demand Estimates,” e-mail from Adam Sieminski (January 17, 2003).