For countries outside of the OECD, the following approach is used. Numbers for 1998 forward are the best available EIA estimates, based upon the best annual data currently available, analytic judgment about current trends, and some seasonal adjustments. These are the same numbers that appear in the international oil balance table in EIA's Short-Term Energy Outlook . The two largest non-OECD oil consumers are China and Russia. For these two countries, published data are available on production and net exports.
Demand is computed as production minus net exports.
This is the same approach used in the Short-Term Energy Outlook , by the International Energy Agency in their Monthly Oil Market Report , and in other major publications dealing with international oil data. Note, however, that because of this computation, the demand numbers for the former China and Russia implicitly exclude stock draw and refinery gain. Back to International Petroleum Monthly main page.