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The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance.
- Joint Iea-Ief-Opec Reports
The IEA, IEF, and OPEC jointly hosted the Fourth Symposium...
- Opec, Iea, Oecd, WB Joint Report
OPEC, along with the World Bank, the OECD and the IEA was...
- Annual Report
The OPEC Annual Report features a foreword by the Secretary...
- Joint Iea-Ief-Opec Reports
The 2021 oil supply forecast primarily sees growth in Canada, Russia, China, US, Norway, Guyana, and Qatar, while output is projected to decline in the UK, Colom bia, Indonesia and Brazil. Similarly, the non- OPEC supply
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This new OIES presentation looks at the extension of the OPEC+ deal to the end of 2022 and implications on oil markets: Global oil demand has lost some momentum recently, but the fundamentals remain solid where demand is still expected to grow by 5.6 mb/d in 2021 and further 3.3 mb/d in 2022.
Nov 11, 2022 · OPEC's 13 member states hold over 80% of the world’s proven oil reserves. It aims to regulate oil prices by either reducing or increasing production.
- United States
- OPEC
- OPEC vs. The United States—The Future
The U.S. was the world's leading producer of crude oil in 1960, the year OPEC was formed.While U.S. crude imports already totaled a million barrels per day, it was at prices set by the country's internationally dominant oil companies and backed by import quotas. The U.S. adopted quotas limiting imports to 9% of domestic consumption in 1959. Five ye...
The Organization of the Petroleum Exporting Countries (OPEC) was formed in 1960 by developing country exporters to assert control over their domestic production and global supply. The five founding members were Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. Following subsequent additions and a few departures, OPEC currently has these 12 members: ...
Every time gas prices rise, millions of U.S. motorists take notice. No other consumer product has prices so prominently displayed or frequently discussed.Since the 1970s, U.S. politicians have frequently blamed OPEC for energy price increases. As a group of national producers often described as a cartel and concentrated in the Middle East, a region...
Dec 14, 2022 · As we move through the winter months and towards a tighter oil balance in 2Q23, another price rally cannot be ruled out. OPEC+ crude oil production 1 million barrels per day
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Feb 11, 2022 · Global oil supply rose by 560 kb/d to 98.7 mb/d in January, but the uptrend was slowed by a chronic OPEC+ under-performance versus targets that has taken 300 mb of oil off the market since the start of 2021. If OPEC+ cuts are fully unwound, world oil output could rise by 6.3 mb/d in 2022.
