Skip Navigation LinksIEF >
Skip Navigation Links
Documents
IEFExpand IEF
IEBFExpand IEBF
Events
NewslettersExpand Newsletters
IEF Lecture Series
ArchiveExpand Archive
Executive Board
International Support Group
Industry Advisory Committee
IEF SecretariatExpand IEF Secretariat
Contacts
JODIExpand JODI
Vacancies
 
 
Data Map
JODI
The Joint Oil Data Initiative

 
A concrete outcome of the producer –
consumer dialogue
 
 
 
Sign In
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.

 
Ministers
H.E. Natig Aliyev, Azerbaijan: IEF Newsletter, Issue 13, May 2009    The modern world is living through a period of serious economic turmoil, causing successive crises in the financial and social-economic sphere, the main areas of industry, and also in the fuel-energy
  What's New
 
More...  
CEOs
Dave O’Reilly, Chevron : The case for continued investment    Today we confront one of the toughest challenges in our industry’s history: planning for the world’s long-term energy needs in the midst of the most serious global economic recession in decades. In th
The Dialogue Today
IEF Oil Price Volatility Index
IEF Oil Price Volatility Index
Resources
  Energy Outlooks
  JODI Website
  JODI Partners
  11th IEF - Closing Statement
  Links
  Jeddah Energy Meeting Joint Statement
  London Energy Ministers Meeting - Chair's Report
     

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)