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Jun 12, 2024 · Oil Stocks of IEA Countries. Measured in days of net imports, updated each month with the release of the Oil Market Report. Last updated 12 Jun 2024. Cite Share.
Dec 14, 2021 · Preliminary data for November show industry stocks decreased by a further 23 mb, and crude oil held in short-term floating storage rose by 8.4 mb to 134.5 mb. Benchmark crude oil prices plunged by $15-17/bbl over the course of November, as concerns over Covid-19, inflation and economic growth weighed on the market.
Mar 17, 2021 · Oil 2021 tackles these questions by analysing oil market data, trends in investment and government policies. The report provides a comprehensive outlook for global supply and demand through 2026 and explores some of the challenges and uncertainties that lie ahead.
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.
- The ongoing energy crisis has prompted a switch to oil that could boost demand by 500 kb/d compared with normal conditions. This contributed to an upward revision to our 2021 and 2022 forecast, by 170 kb/d and 210 kb/d respectively.
- World oil supply has resumed its uptrend as OPEC+ continues to unwind cuts, the US bounces back from Hurricane Ida and maintenance winds down. From September through end-2021, global output is set to rise 2.7 mb/d with OPEC+ accounting for 1.5 mb/d and non-OPEC+ pumping the rest.
- Global refinery activity in 3Q21 continued to disappoint, with lower throughputs in China and India in August only partially offset by a stronger performance in OECD Asia and Europe.
- OECD total industry stocks drew by 28 mb in August to 2 824 mb, 162 mb below pre-Covid five-year average. Preliminary September data for the US, Europe and Japan show on-land industry stocks fell by a further 23 mb.
Jan 4, 2022 · Brent’s 2021 annual average of $71/b is the highest in the past three years. The price of West Texas Intermediate (WTI) crude oil traced a similar pattern to Brent and averaged $3/b less than Brent in 2021. Global petroleum production increased more slowly than demand, driving higher prices.
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Jul 7, 2021 · Published. Jul 7, 2021 9:16AM EDT. Energy companies recovered from last year when the coronavirus pandemic hit the global oil demand massively. Economies are now reopening with more...
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