In parallel, the annual production for 2007 is estimated to 31.2 Gbl, which partly explains the tensions on oil prices: it has barely increased over 2006, or at least its increase was less than the increase in consumption. The countries of OPEC accounted for 41.9% of global oil production in 2007. More in the report of the DIREM on the world oil market .
The application is now structurally very similar to the offer, or even slightly higher. Some believe that world oil production is now reaching its peak.
Other forecasts, such as the IEA (which, remember, represents the interests of energy consuming countries) say that global production could reach 116 Mbl / d in 2030.
Meanwhile, total production is forecast to level off up to 100 Mbl / d by 2020.
Dr. Sadad Al-Husseini, former president of Aramco (the national oil company Saudi) , notes that oil production begins to stagnate in many parts of oil, while others have already begun their decline. It is estimated that world production will not exceed 70 Mbl / d in 2030.
The United States alone still account for 25% of world oil consumption. But Asia represents the largest share (70%) of the increase in consumption (China alone accounts for half of the increase in Asian consumption).
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