Taking into account the us oil production progress many analytical agencies lower their longterm oil price forecasts. Jul 07, 2007 risks to our medium term forecasts but they do not necessarily dramatically alter the projections. The csis energy and national security program is pleased to host ms. Taking into account the us oil production progress many analytical agencies lower their long term oil price forecasts. Oil mediumterm demand outlook in oecd regions 20172023 petrochemical sector. Mediumterm oil market report 2016 summary supply chain.
This report provides a medium term outlook for major eu agricultural markets and agricultural income to 2030. 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. This report provides a mediumterm outlook for major eu agricultural markets and agricultural income to 2030. The opec and iea monthly reports, however, offered a diverging picture with opec remaining optimistic about 2018, while the iea expects a slow. The updated and refreshed shortterm outlook report, presented as more readable.
It is based on a set of coherent macroeconomic assumptions deemed most plausible at the time of the analysis, including the continuation of current agricultural and trade policies. Finally, we explore the implications of a broader, more rigorous, and more consistent application of the breakeven point concept, taking into account the inelasticities that accompany it. In its most recent mediumterm oil market report, the international energy agency stated that the boom in north american petroleum production will ease what has been a tight market and reshape market fundamentals. The global oil market will undergo sweeping changes over the next five years. Mediumterm oil market report 2007 analysis and key findings. Mediumterm oil market report 2012 market trends and projections to 2017. Bmi research research reports fitch solutions macro research helps clients to manage their operations, investment decisions and risk exposure more efficiently and market research report and industry analysis 304.
International energy agency mediumterm oil market report executive summary july 2007 5 executive summary overview despite four years of high oil prices, this report sees increasing market tightness beyond 2010, with opec. Iea oil market report 2017 center for strategic and international. This report assesses the short to medium term impact of the usnorth korea summit on june 12th. Us oil inventories are down by nearly 45 million barrels in the last three months. However prices eventually evolve, markets may never be the same. Quantitative effects of the shale oil revolution european central bank. The annual energy outlook 2012 aeo2012, prepared by the u. The share of world oil consumption represented by the developing world, including emerging industrial economies, will rise to 46 percent of global demand by. The iea oil market report omr is one of the worlds most authoritative and timely sources of data, forecasts and analysis on the global oil market including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for iea and selected noniea countries. 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. Mediumterm oil market report 2016 summary global oil supply growth is plunging as an extended period of low prices takes its toll, the international energy agency said in its annual mediumterm oil market report.
In a 2004 report, based on an analysis of new projects over 100,000 barrels per day 16,000 m 3 d, he argued that although ample supply might be available in the near term, after 2007 the volumes of new production for this period are. Oil medium term demand outlook in oecd regions 20172023 petrochemical sector. Ieas recently released medium term oil market report. Dec 18, 2017 oil prices, however, have been on an uptrend after the forties pipeline outage in north sea and ongoing opec led production cuts. The csis energy and national security program is pleased to host keisuke sadamori, director of the office for energy markets and security with the international energy agency iea to present the ieas 2016 medium term oil market report mtomr. The reemergence of the united states as a global petroleum. Oct 30, 2017 us oil inventories are down by nearly 45 million barrels in the last three months. Published asc newest to oldest oldest to newest position name. This paper assesses the impact of shale oil on oil prices and economic. Rystad energy has been sourced in ieas mediumterm oil market report 20. Progress and challenges continued the greatest coaltogas switching potential in china is in the beijing, tianjin, hebei and shandong provinces. Since its inception in 1983, the ieas oil market report omr has become recognised as one of the worlds most authoritative and timely sources of data, forecasts and analysis on the global oil market including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for.
World oil demand growth in 2012 has been revised down by 120 tbd to 0. World energy outlook 2017 now available at 50% off. Using data from the ieas recently released medium term oil market report, halff says that growth in refining capacity between 2012 and 2018 will far exceed that of crude oil capacity and oil product demand. The world of work report 2012 provides a comprehensive analysis of recent labour market and social trends, assesses risks of social unrest and presents employment projections for the next five years.
Tensions among oil producers, which originated in the oil price collapse of the mid1980s, have weakened the ability and willingness of the organization of petroleum exporting countries opec to act as an oil market stabilizer mcnally, 2015. In the 2016 edition of its medium term oil market report, the international energy agency analyses the key factors impacting the supply and demand for oil from today out to 2021. The april 2018 global financial stability report gfsr finds that shortterm risks to financial stability have increased somewhat since the previous gfsr. Oil markets outlook positive, but no crude shock in medium term. A 2012 budget focusing on crisis preparedness and mediumterm development page 17 the bjps law and the transformation of indonesia social security structure page 23 indonesias manufacturing sector.
It is published three times per year in late winter, early summer and early autumn. Morgan asset managements long term capital market assumptions draws on the best thinking of our experienced investment professionals worldwide. Refined and expanded over 24 years, our indepth, proprietary process provides 10 to 15year risk and return projections for more than 50 strategy and asset classes. Brent crude is oil sourced from the north sea and is the benchmark against which prices are set for oil coming from europe, africa and the middle east oil markets explained, 2003. By accessing this site, you accept that we process certain information you send e. Apr 21, 2016 the outlook for oil demand, supply and refining through 2020 slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. The world investment forum 2020 will bring all stakeholders together to explore ways and means to. International energy agency medium term oil market report executive summary july 2007 5 executive summary overview despite four years of high oil prices, this report sees increasing market tightness beyond 2010, with opec spare capacity declining to minimal levels by 2012. Free industry and industry reports from the economist intelligence. It provides detailed projections for oil supply at field level, crude quality trends, demand by product, refined product output and oil investments through 2017. The result could be a sharp rise in oil prices that risks curtailing economic growth.
Global coal demand stalls after more than a decade of. Business and governments are increasingly putting sustainability at the core of their activities. Ieas medium term oil market report 2016 center for. Medium is not like any other platform on the internet. At the same time a number of trends will support oil prices.
Last week, the iea reported that global oil market is likely to show surplus in first half of 2018, as rising us supply offsets opecs discipline in maintaining its production cuts for whole of next year. Progress and challenges continued the greatest coaltogas switching potential in china is in the beijing, tianjin, hebei and shandong. Emerging markets will drive demand for oil and gas in. Mediumterm risks are still elevated as financial vulnerabilities, which have built up during the years of accommodative policies, could mean a. Using data from the ieas recently released mediumterm oil market report, halff says that growth in refining capacity between 2012 and 2018 will far exceed that of crude oil capacity and oil product demand. The outlook for oil demand, supply and refining through 2020 slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Demand medium term gas market report 2016 29 box 1. Our sole purpose is to help you find compelling ideas, knowledge, and perspectives.
The iea mediumterm oil market report mtomr companion to the monthly omr draws their implications for the future. The crash in the price of oil may change the oil market. The region has a very high coal intensity and some of the worlds most polluted cities. On the fickle correlation between stocks and oil prices. In a 2004 report, based on an analysis of new projects over 100,000 barrels per day 16,000 m 3 d, he argued that although ample supply might be available in the nearterm, after 2007 the volumes of new production for this period are. This report contains confidential and proprietary information.
The annual report, which gives a detailed analysis and fiveyear projections of natural gas demand, supply and trade developments, examines. If you continue browsing the site, you agree to the use of cookies on this website. The global oil market 2020 the economist intelligence unit. Feb 24, 2016 in the 2016 edition of its medium term oil market report, the international energy agency analyses the key factors impacting the supply and demand for oil from today out to 2021. West texas intermediate is the price used for contracts traded on the new york mercantile exchange and is typically the price that the media has in mind in. On the whole, fundamentals remain supportive for oil prices as supply has started to flatten and demand remains robust. Rise in world oil use and a possible shortage of supplies. Morgan asset managements longterm capital market assumptions draws on the best thinking of our experienced investment professionals worldwide.
Iea oil market analysis the leading oil market report since 1983, with the latest data and outlook. The supply reduction in global oil market was exacerbated in light of the ongoing opec deal as well. And into that came the iea, bravely outlining a fiveyear forecast which they called the mediumterm oil market report which is no longer. Middle east, which helped to boost the risk premium in crude oil prices. Download reports from the economist intelligence unit covering countries and industry. Jul 10, 2007 the share of world oil consumption represented by the developing world, including emerging industrial economies, will rise to 46 percent of global demand by 2012 from 42 percent, the report said. In may 20 the international energy agency in its mediumterm oil market report mtomr said that the north american oil production surge led by unconventional oils us light tight oil lto and canadian oil sands had produced a global supply shock that would reshape the way oil is transported, stored, refined and marketed. Since its inception in 1983, the ieas oil market report omr has become recognised as one of the worlds most authoritative and timely sources of data, forecasts and analysis on the global oil market including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for oecd and selected nonoecd countries.
World of work report 2012 better jobs for a better economy. Energy information administration eia, presents longterm projections of energy supply, demand, and prices through 2035, based on results from eias national energy modeling system nems. Rise in world oil use and a possible shortage of supplies are. Slides from iea mediumterm oil market report slideshare. Crude oils medium term outlook positive but expect some.
A new vix indicator thats really not all that new lofty rasi says uptrend is not done yet. The following resources related to mediumterm coal market report 2015 are available for download. In a departure from the past four decades, producers continue to produce and sell what they can, letting the market set the price. Iea oil market report 4 demand growth dipped into negative territory in 4q12 for first time since 2009 global gdp growth assumed at 3. Jun 28, 2016 the csis energy and national security program is pleased to host ms. The mediumterm oil market report provides iea forecasts on oil markets for the coming five years as well as an indepth analysis of recent. Medium term oil market report 2016 summary global oil supply growth is plunging as an extended period of low prices takes its toll, the international energy agency said in its annual medium term oil market report. In the 2016 edition of its mediumterm oil market report, the international energy agency analyses the key factors impacting the supply and demand for oil from today out to 2021. Complements shortterm omr and longterm world energy outlook analysis. Mediumterm coal market report 2015 is on sale at the iea bookshop. In this outlook we would like to specify these trends and. The annual report, which gives a detailed analysis and fiveyear projections of natural gas demand, supply and trade developments, examines the. Mediumterm price flyups result in increased investments and fids in early 2020s.
In its most recent medium term oil market report, the international energy agency stated that the boom in north american petroleum production will ease what has been a tight market and reshape market fundamentals. Persistent oversupply coupled with increasing signs of slowing pace of growth in a the chinese economy exerted pressure on the oil market. Scenarios and projections to 2040, including the new sustainable development scenario. The crash in the price of oil may change the oil market a. Mediumterm oil market report the wall street journal. The report emphasizes that while employment has begun to recover slowly, job quality is deteriorating and there is a growing sense of unfairness. The shortterm outlook is based on reflections of market experts within the european commission s department for agriculture and rural development, using the latest data available. The role of tight oil in short term and medium term oil market stability is discussed. By the third quarter of 2014 it had become apparent that the rate of increase of supply of u. Apr 26, 2012 the world of work report 2012 provides a comprehensive analysis of recent labour market and social trends, assesses risks of social unrest and presents employment projections for the next five years. Emerging markets will drive demand for oil and gas in medium. I had a number of hours to read through the 140 pages of.
The csis energy and national security program is pleased to host keisuke sadamori, director of the office for energy markets and security with the international energy agency iea to present the ieas 2016 mediumterm oil market report mtomr. Oil prices remain stable with enough shale oil and offshore coming online at usd6575bbl dampened longterm demand growth supply disruption continues longterm oversupply. Energy information administration shortterm energy outlook may 2020 2 be largest in the first half of 2020, rising at a rate of 6. Considering this, the medium term outlook for oil prices remains positive but some profitbooking cannot be ruled out in the near term. This edition of the mediumterm oil market report sizes up the magnitude of this transformation so far and sketches the oil landscape at the 2020 horizon. The day before the release i was contacted by jens ergon at sveriges television swedens television, svt who wanted to get my opinion on the report. Mediumterm oil market report 2016 linkedin slideshare.
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