Oct 11, 2016 brent prices fell after the publication of the iea report. Contribution of wind power to electricity generation and. Iran has said it will raise output by an initial 500,000 bpd. In an effective last development for the period, the international energy agency made a decision on june 23 to release 60 million barrels in oil reserves over 30 days, surprising oil market. According to what the iea calls its reference technology scenario, a baseline projection presuming no disruptive technological breakthrough, the market for crude. Lng markets in transition the great reconfiguration pdf download. It is a global statistical document provided with a brief summary. 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. Commodity wire covers commodities data on oil and oilseeds, feed. International workshop on energy statistics beijing, 2325. Regarding the attentionattracting iea decision to release oil reserves, i am paying attention to the following three points for the future. The international oil market has seen various turbulent developments emerging one after another in the first half of 2011.
Mediumterm oil market report 2016 linkedin slideshare. Iea oil market report 12sep20fullpub linkedin slideshare. At the time of writing, there are indications that the iea will increase its oil price forecast. 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. This agreement provides the backdrop to the ieas latest fiveyear oil market forecast, which was renamed market report series. Purchase access to iea data services by credit card. Oil market rebalancing underway but nonopec expansion. The agreement brought to an end a twoyear freemarket window where producers competed to secure outlets for their oil. In late 2016, leading oil producers put together the most comprehensive agreement to limit oil output seen since 2009 to ensure the stabilization of oil prices and avoid economic dislocation in. Lets have a look on iea 2018 crude oil price outlook. Oil prices finish at a more than 1week low as iea cuts. A shortterm approach estimates production profiles based on a fieldbyfield analysis. The iea released highlights for the december oil market report in mid december.
Jul 07, 2007 oil market report dated 11 may 2007, a change on this scale would necessitate additional investment in upgrading capacity far above those that are currently forecast. My name is kevin book, and im a senior associate here at the center for strategic and international studies. Opec output however rose to an eight year high up 400,000 bd in june at 3. The first point is how long the oil reserves release will remain influential for overall supply and demand in the international oil market. International energy agency iea monthly oil market report. Oecd ilibrary also contains content published by the international energy agency iea. Oil futures end lower as iea reports a jump in opec output. The iea believes that the recent imbalances in the product market have had a significant knockon effect on oil market volatility and outright prices. May 16, 2017 the oil market has essentially reached a balance and will continue to accelerate in the near term, the international energy agency iea said in its monthly report published tuesday, just nine. Using data from the iea s 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.
Get alerts on oil when a new story is published get alerts. Aug 11, 2016 global oil demand growth is now expected to slow to 1. Final energy consumption outlook from iea european. Every month, usually on the second wednesday, the international energy agency puts out their oil. Sees global oil market broadly balanced next year, assuming opec. Aug 11, 2017 the oil market is rebalancing as demand continues to grow, according to the iea. Iea global oil demand forecasts, 2012 december 2016 mbd. The iea oil market report was largely in line with opecs assesment yesterday non opec output was seen falling in 2016 by 900,000 bd however, they differed on the 2017 perspective with 2017 expectations from the iea forecasting a modest growth of 200,000 bd in 2017. Iea says oil market may drown in oversupply in 2016. Battle for global oil market share just started rt. Ministry of finance for fiscal data on oil companies tax services generally have data on transport fuels surveys often the only source on final use by. Outlook for oil brightens as output disruptions erode surplus.
For an example of this report, please see the archives section. The international energy agency monthly oil market report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. In its latest mediumterm oil market report, the international energy agency iea had some optimism to share, forecasting gradually tightening oil markets thanks to lower upstream investments and. Oil market rebalancing is essentially here, iea says. Iea releases oil market report for may india infoline. Explorer and mozilla firefox can be used alternatively. Chemicals and the future demand for crude oil caterpillar cat.
Jan 02, 2017 by dennis coyne click to enlarge the iea released highlights for the december oil market report in middecember. Outlook for oil brightens as output disruptions erode. Here are the highlights from the latest oil market report, released by the international energy agency iea this thursday. Oil market report february 2020 analysis and key findings. Iea oil market report december 2016 peak oil barrel. The international energy association iea released its oil market report omr for december, cutting the outlook for 2015 global oil demand growth by 230 mbopd to 900 mbopd on lower expectations.
The second point is the ieas relations with oil producing. Of the global increase in oil demand 43% comes from china, 20% from. May, 2015 supply in the first three months of the year remained stable at 95. Aug 11, 2016 global oil markets will continue to rebalance this year as a pickup in demand from refiners absorbs record output from several persian gulf producers, the international energy agency predicted. Iea says strong oil demand growth helping market rebalance. The iea s closely watched monthly report is the first major assessment of the oil market s supply demand balance since opec first agreed to reduce production on november 30. Oil heats up colombiaindia trade relationship datamyne. Iea monthly oil market report worldwide economic event.
Iea oil reserves release and international oil market. The worlds appetite for oil is rebounding this year and should increase through 2018, the international energy agency said thursday. Jan 19, 2016 the oil market report omr is a monthly international energy agency publication which provides a view of the state of the international oil market and projections for oil supply and demand 1218. Oil 2019, the annual iea outlook for global oil markets, examines the key issues in demand, supply, refining and trade to 2024. In its closely watched monthly oil market report, the iea said it now expects global demand to grow by 1.
The oil market report is published every month and includes. In its closely watched monthly oil market report, the iea. Iea expects oil market tightening by 2022 by irina slav may 30, 2017, 3. Iea releases oil market report for may global oil supplies rose 250 000 barrels per day 250 kbd in april from the preceding month to 96. Since its inception in 1983, the iea s 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. Oil demand to outstrip supply next year on opec cuts iea. The price of the licence depends on the number of users. Iea to release oil market report tomorrow seeking alpha. Oil, refinery margins file direct access to the restricted omr data website from your webstore account subscriptions run over 1 or 2 years a 10% discount is applied on 2year subscriptions, from date to date. Since last year biofuels production by region is published separately in both the iea s mediumterm oil market report mtomr and the monthly oil market report omr, to enable a more direct comparison between the iea s and opecs liquids supply outlooks. 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.
The most recent iea forecast for 2017 from the oil market report december 2016 is 0. Nov 14, 2017 fresh insight on the state of the oil market came from the iea tuesday, which in its monthly report cut its crudedemand outlook by 100,000 barrels a day for 2017 and 2018. Iea monthly oil market report is released by the international energy agency. London time should oil prices continue to rise, opec. Industry reports from business monitor online and first search. May 12, 2016 this marks a far cry from the ieas warning at the start of the year that the oil market could drown in supply in 2016, given the pace of stockbuilding and the net rise in global. It includes over 2000 charts and tables that characterize the demand, supply, oil prices and the activities of oil refineries around the world. I have used information from the november report and assumed opec crude output will be 32.
The iea revised higher global oil demand growth numbers to 1. In its latest mediumterm oil market report, the international energy agency iea. The committee on sustainable energy seeks to reform energy prices. With the world economy slowing, the iea said it had cut its forecast for 2016 opec crude oil demand by 300,000 bpd to 31. The global oil market continues to make progress, but the ongoing production gains from nonopec countries will probably act as a the ceiling for aspirations of higher oil prices in 2018, the agency said. Oil 2017 formerly known as the mediumterm oil market report. Iea oil market report 2017 center for strategic and. Oil market report march 2020 analysis and key findings.
I have also used the demand estimates from the december highlights. And i also wear a lot of hats, as someone with my haircut might, and im managing director at clearview energy partners as well. They could seriously affect any type of analysis, including modeling. Databases a to z databases libguides at indian institute of. Ieas recently released medium term oil market report. 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. Trade data shows colombiaindia trade relationship heating up as colombia sells more crude oil to india, now its 3rd ranked export market 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 non iea countries. Download our onepage pdf full of live links to energyrelated data, statistics, and dashboards from leading industry sources to support research and databased decision making. I have used information from the november report and assumed opec crude output. Total energy consumption outlook from iea european. Subscriptions run over 1 or 2 years a 10% discount is applied on 2year subscriptions, from date to date. Iea says oil market may drown in oversupply in 2016 reuters. Iea forecasts oil shortages and sharp price rise by 2020.