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International Energy Forum

The International Energy Forum (IEF) is the largest recurring global gathering of Energy Ministers. Unique in that its composition encompasses not only IEA and OPEC countries, but also powerhouse Russia and the emerging giants China and India. The IEF gathers participants from more than 70 countries accounting for more than 90% of oil & gas production and consumption. It is a biennial manifestation of international political intent to address through dialogue a common understanding of both supply and demand-side implications of energy interdependence, especially as they relate to global energy security.

 
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H.E. Georgina Kessel, Mexico: Perspectives For International Energy    The world is concerned about energy security, and justifiably so. Headlines trumpet the news of ever higher oil prices and warn of the dangers of global warming. Finding alternative sources of energy
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Mr. Antonio Brufau Niubo, Repsol YPF: The IOCs And The NOCs In The Modern Energy Context    The competitive advantage of the international oil companies (IOCs) has been traditionally based on their great experience in the sector, on great investor muscle and on advanced technological develop
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Oil Supply and Demand

2007 Million Barrel per Day

OPEC

Estimates

IEA

Estimates

Demand

85.8

86.0

Supply:

84.8

85.5

 Crude & NGL      Non-OPEC 49.4 49.6
Crude      OPEC 30.97 31.1
NGL         OPEC 4.4 4.8
Balancing item (1.0) (0.50)