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- Global oil supply is forecast to rise by 1.5 mb/d to a new high of 103.5 mb/d in 2024. The Americas – led by the United States, Brazil, Guyana and Canada – will dominate gains in 2024, just as the region did last year.
www.iea.org/reports/oil-market-report-january-2024
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Sep 12, 2024 · The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Published September 2024.
- Oil Market Report - August 2024 – Analysis - IEA
Global observed oil inventories fell by 26.2 mb in June,...
- Oil Market Report - July 2024 – Analysis - IEA
Global observed oil inventories rose for a fourth...
- Oil Market Report - August 2024 – Analysis - IEA
Aug 13, 2024 · Global observed oil inventories fell by 26.2 mb in June, following four months of builds totalling 157.5 mb. OECD onshore stocks declined by 19.5 mb but were mostly offset by a 17.5 mb increase in non-OECD countries. Oil on water declined for a third consecutive month, by 24.2 mb.
Global observed oil inventories rose for a fourth consecutive month in May, by 23.9 mb. Offshore inventories drew by 17.3 mb while on land stocks built by 41.3 mb to a 30-month high. OECD industry stocks rose by 27.8 mb to 2 845 mb but remained 69 mb below their five-year average.
Sep 5, 2024 · We estimate global oil inventories are falling by 0.9 million barrels per day (b/d) in 3Q24, and we expect they will decrease by more than 1.0 million b/d through 1Q25. As a result, we expect Brent prices will rise from $74/b at the beginning of September to average $82/b in December and $83/b in 1Q25.
The 2024 oil and gas industry outlook explores five trends and industry drivers that are expected to play an important role in shaping the strategies and priorities of O&G companies in the upcoming year: Energy transition: Prudently allocating capital and effectively executing clean energy policies.
Apr 24, 2024 · April 24, 2024 Brent crude oil prices rose in March, increasing by USD1.9/bbl m-o-m to USD85.4/bbl. Prices rose due to tighter oil supplies on account of OPEC+ cuts, resilient economic growth, and continued geopolitical uncertainty: Global oil demand. Global liquids demand decreased m-o-m by 1.1 MMb/d to 102.3 MMb/d.
Mar 14, 2024 · The extension of OPEC+ production cuts through 2Q24 results in more upward price pressure than we previously expected. Brent crude oil spot price and global oil inventory changes. dollars per barrel (million barrels per day)
