Ad
related to: current world oil prices 2022 forecast 2022 calendarAccess S&P Oil & Gas Exploration & Production. Bull & Bear ETFs. Learn more. Your Home for Leveraged & Inverse ETFs, Strategic Weight ETFs & more!
Search results
Dec 14, 2022 · Highlights. World oil demand is set to contract by 110 kb/d y-o-y in 4Q22, reaching 100.8 mb/d, up by 130 kb/d compared with last month’s Report. Strong gasoil use in key consuming countries outweighs weak European and Asian petrochemical deliveries.
- World oil demand growth is forecast to slow to 1.9 mb/d in 2Q22 from 4.4 mb/d in 1Q22 and is now projected to ease to 490 kb/d on average in the second half of the year on a more tempered economic expansion and higher prices.
- Russia shut in nearly 1 mb/d in April, driving down world oil supply by 710 kb/d to 98.1 mb/d. Over time, steadily rising volumes from Middle East OPEC+ and the US along with a slowdown in demand growth is expected to fend off an acute supply deficit amid a worsening Russian supply disruption.
- Global refinery margins have surged to extraordinarily high levels due to depleted product inventories and constrained refinery activity. Throughputs in April fell 1.4 mb/d to 78 mb/d, the lowest since May 2021, largely driven by China.
- Global observed oil inventories declined by a further 45 mb during March and are now a total 1.2 billion barrels lower since June 2020. In the OECD, the release of 24.7 mb of government stocks during March halted the precipitous decline in industry inventories.
Forecast. Alerts. WTI crude futures held near $84 per barrel on Friday and were set to advance for the fourth straight week as falling US crude inventories and signs of strong seasonal demand supported oil prices. The US oil benchmark is up about 3% so far this week.
Aug 11, 2022 · World oil demand is now forecast at 99.7 mb/d in 2022 and 101.8 mb/d in 2023. World oil supply hit a post-pandemic high of 100.5 mb/d in July as maintenance wound down in the North Sea, Canada and Kazakhstan.
Jul 13, 2022 · Oil demand is now expected to expand by 1.7 mb/d in 2022 and 2.1 mb/d next year, when it reaches 101.3 mb/d. Our forecast was revised slightly higher for oil supply for the remainder of the year due to Russia’s surprisingly strong performance.
World Oil has analyzed data to create 2022 drilling forecasts for the U.S., offshore and international. Click here to see a downloadable version of the 2022 forecast.
People also ask
What will global oil demand look like in 2022?
What is the outlook for world oil supply in 2022?
Will oil prices rise in 2022?
How much oil does the world need in 2022?
Apr 2, 2022 · The price of oil spiked to a fresh yearly high ($130.50) in March amid the disruptions caused by the Russia-Ukraine war. Current market conditions may lead to higher crude prices as...
Ad
related to: current world oil prices 2022 forecast 2022 calendardirexion.com has been visited by 100K+ users in the past month
Access S&P Oil & Gas Exploration & Production. Bull & Bear ETFs. Learn more. Your Home for Leveraged & Inverse ETFs, Strategic Weight ETFs & more!
