Search results
Rise
- U.S. crude production and petroleum demand will both rise in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Wednesday.
People also ask
Will oil demand grow in 2022?
What is the crude oil production forecast for 2022?
What's going on with oil prices in 2022?
Will crude oil production increase in 2023?
How will OPEC+ impact the global oil market in 2022?
Will gasoil grow in 2022?
Feb 16, 2022 · In the February STEO, we forecast that U.S. crude oil production will increase to 12.0 million b/d in 2022, up 760,000 b/d from 2021. We forecast that crude oil production in the United States will rise by 630,000 b/d in 2023 to average 12.6 million b/d.
- Steo (Short-Term Energy Outlook)
OPEC oil export revenues forecast to increase in 2022 but...
- Steo (Short-Term Energy Outlook)
As a result, our estimate for global oil demand has been lowered by 260 kb/d for the year versus last month’s Report, and demand is now expected to average 99.4 mb/d in 2022, up by 1.9 mb/d from 2021. Global oil supply rose in March by 450 kb/d to 99.1 mb/d, led by non-OPEC+.
- World oil demand is set to contract by 110 kb/d y-o-y in 4Q22, reaching 100.8 mb/d, up by 130 kb/d compared with last month’s Report. Strong gasoil use in key consuming countries outweighs weak European and Asian petrochemical deliveries.
- World oil supply fell 190 kb/d in November to 101.7 mb/d, breaking a five-month uptrend, after Saudi Arabia and other Gulf countries curbed supply in line with lower OPEC+ output targets.
- Global refinery throughputs surged 2.2 mb/d in November to the highest since January 2020, resulting in sharply lower diesel and gasoline cracks and refinery margins.
- Russian oil exports increased by 270 kb/d to 8.1 mb/d, the highest since April as diesel exports rose by 300 kb/d to 1.1 mb/d. Crude oil loadings were largely unchanged m-o-m, even as shipments to the EU fell by 430 kb/d to 1.1 mb/d.
May 11, 2023 · Oil demand in the U.S. appears likely to reach levels close to the pre-pandemic era, despite talk of working from home and reduced business travel.
Apr 12, 2024 · Oil demand growing at a slower pace as post-Covid rebound runs its course Related charts Renewable fuel consumption by fuel, main case and Net Zero Scenario, 2023-2030
Sep 7, 2022 · NEW YORK, Sept 7 (Reuters) - U.S. crude production and petroleum demand will both rise in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short Term...
Jun 21, 2022 · Oil prices have surged, with benchmark West Texas Intermediate (WTI) crude jumping from an average $71 per barrel in December 2021 to $109 in May 2022. U.S. inventories of gasoline and diesel are running low and refining capacity is strained, while export demand remains strong.
