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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 ...
- Joint Iea-Ief-Opec Reports
Market dynamics at play in the petrochemical sector were...
- 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
World Oil Demand . World oil demand growth in 2021 is revised up slightly by 17 tb/d, reflecting the latest data trends across the regions, to now stand at 5.7 mb/d. Both 3Q21 and 4Q21 figures for OECD Americas are revised higher, mainly as a result of the better performance in the US, confirming the upward revisions taken last month. Overall,
- 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...
Feb 26, 2021 · Oil demand is expected to return to 2019 levels by late 2021 to early 2022, depending on the duration of lockdowns and the pace of GDP recovery. Based on our Global Energy Perspective reference-case demand insights, current OPEC+ intervention will be sufficient to help balance the market in 2021, with prices remaining at a sustained level of $50 to $55/bbl through to 2025.
31 Oct 2022. The 2022 OPEC World Oil Outlook (WOO) was today launched at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2022 in the United Arab Emirates (UAE). First published in 2007, the WOO offers a detailed review and assessment of the medium- and long-term prospects for the global oil and energy industries to 2045.
Jun 11, 2021 · Global refinery throughput in 2021 is expected to recover half of the 7.4 mb/d fall in 2020, lagging behind demand growth for refined products as surplus inventories are drawn down. In 2022, refining activity is forecast to increase by 2.4 mb/d. 3.8 mb/d of new capacity coming on line over 2021-22 will be partially offset by 2.3 mb/d of announced closures or conversions to bio-refineries.
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Oct 13, 2022 · Demand growth has been reduced to 1.9 mb/d in 2022 and to 1.7 mb/d next year, down by 60 kb/d and 470 kb/d, respectively, from last month’s Report. World oil demand is now forecast to average 101.3 mb/d in 2023. World oil supply rose by 300 kb/d in September to 101.2 mb/d, with OPEC+ providing over 85% of the gains.
