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Monthly Oil Market Report 2021. 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 ...
Section 3: Oil data: upstream 21 Graph 3.1 The importance of the United States for non-OPEC supply growth in recent years 29 Section 4: Oil data: downstream 31 Graph 4.1 World refinery throughput by region 44 Section 5: Oil trade 45 Graph 5.1 World inter-regional trade of crude oil 52 Graph 5.2 OPEC Members’ crude oil exports by destination 60
Jan 4, 2022 · The spot price of Brent crude oil, a global benchmark, started the year at $50 per barrel (b) and increased to a high of $86/b in late October before declining in the final weeks of the year. Brent’s 2021 annual average of $71/b is the highest in the past three years.
Nov 11, 2022 · Another 10 major oil producing countries including Russia have aligned with the group to form an alliance known as OPEC+. OPEC produces about 40% of the world’s crude oil and its members’ exports make up around 60% of global petroleum trade. The group aims to regulate global oil prices by coordinating on reductions or increases in production.
Nov 20, 2023 · In 2021, OPEC estimated that its member countries accounted for more than 80% of the world's proven oil reserves. Because of the large market share, the decisions OPEC makes can affect global oil ...
Nov 20, 2023 · OPEC member states' exports make up around 60% of global petroleum trade. In 2021, OPEC estimated that its member countries accounted for more than 80% of the world's proven oil reserves. Because of the large market share, the decisions OPEC makes can affect global oil prices. Its members meet regularly to decide how much oil to sell on global ...
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May 24, 2024 · OPEC says its member states' exports account for about 49% of global crude exports. OPEC estimates that its member countries hold about 80% of the world's proven oil reserves. Because of its large ...
