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Oct 8, 2020 · Possible downside risks to the global supply outlook could stem from reduced upstream investment, which is forecast to decline by over 30 per cent in 2020, but will recover to 2019 levels by 2024/25, according to Rystad Energy. “To meet global oil demand, future upstream spending will need to average US$380 billion per annum over the long-term.
Monthly Oil Market Report 2022. 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 ...
- Diminishing Returns
- Upbeat OPEC
- Inflation Threat
Damien Courvalin, head of energy research at Goldman Sachs sees omicron as a short-term risk to prices, with 2022/23 remaining a "structural bull market" supported by the fact the global economy has become more resilient to the crisis. "We've already had record-high demand before this newest variant and you're adding higher jet demand and the globa...
Initial concerns over omicron that caused oil prices to plunge by almost 20% within days at the start of December are "exaggerated in view of the vaccination progress in the important consumer countries," Commerzbank said in a note. OPEC+ has also signaled that it will temper its planned 400,000 b/d month production expansion if demand weakens sign...
Nevertheless, fears persist that omicron's vaccination-dodging potential could force a new wave of mobility restrictions, a move that would leave air travel and jet fuel most affected. As things stand, Platts Analytics sees jet fuel posting the strongest percentage and volume gains of all oil products in 2022 at 31% or 1.7 million b/d. But global j...
- Outlook for global crude prices. Draws roll on in 4Q21 - 2022 balances reflect a more delicate dance. Short term tightening to endure, but 2022 looks less clear cut.
- World oil (total liquids) demand and production.
- Revisions to global supply and demand vs. April 2021 outlooks. US crude oil at the heart of global deficits. Perfect storm strikes US crude storage tanks The acceleration in global crude market tightening over the past couple of months has played out most visibly in weekly US statistics, particularly for crude.
- US export barrel and Brent forward curve (inverse values) Escape velocity: Understanding the UAE perspective that led to the OPEC+ disagreement and what it means.
Sep 14, 2022 · In 2022, global production is forecast to rise by 4.8 mb/d, to 100.1 mb/d, and by 1.7 mb/d in 2023 to 101.8 mb/d. Persistent demand weakness in China considerably slowed the pace of a summer ramp-up in refining activity. After reaching a post-Covid peak in August of 81.4 mb/d, refinery throughputs are expected to fall in September-October on ...
Aug 11, 2022 · In this Report, we have raised our estimates for 2022 global demand growth by 380 kb/d, to 2.1 mb/d. Gains mask relative weakness in other sectors, and a slowdown in growth from 5.1 mb/d at the start of the year to less than 100 kb/d by 4Q22. World oil demand is now forecast at 99.7 mb/d in 2022 and 101.8 mb/d in 2023.
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Oil Market Highlights vi OPEC Monthly Oil Market Report – December 2021 Norway and Guyana. OPEC NGLs are forecast to grow by 0.1 mb/d both in 2021 and 2022 to average 5.1 mb/d and 5.3 mb/d, respectively. In November, OPEC crude oil production increased by mb/d m-o-m, to 0.29 average 27.72 mb/d, according to available secondary sources.
