Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-10-14 18:50:00

WORLD OIL DEMAND WILL UP BY 1.15 MBD

WORLD OIL DEMAND WILL UP BY 1.15 MBD

According to OPEC WORLD OIL OUTLOOK, 

Oil market highlights

Crude Oil Price Movements

The OPEC Reference Basket slipped slightly in September to $42.89/b, down 21¢. ICE Brent ended up 8¢ at $47.24/b and NYMEX WTI increased 43¢ to $45.23/b. Crude oil prices were supported by efforts to address excess global supplies and consecutive draws in US crude stockpiles. The Brent-WTI spread narrowed to $2.01/b.

World Economy

World economic growth remains unchanged at 2.9% for 2016 and 3.1% for 2017. The OECD growth forecast remains at 1.6% and 1.7% for 2016 and 2017, respectively. Forecasts for China and India are also unchanged at 6.5% and 7.5% for 2016 and 6.1% and 7.2% for 2017. Brazil and Russia are forecast to grow by 0.4% and 0.7% in 2017, following contractions of 3.4% and 0.6% this year.

World Oil Demand

World oil demand in 2016 is seen increasing by 1.24 mb/d to average 94.40 mb/d. Positive revisions were primarily a result of higher-than-expected demand in the Other Asia region, while downward revisions were a result of lower-than-expected performance from OECD America. In 2017, world oil demand is anticipated to rise by 1.15 mb/d, to average 95.56 mb/d.

World Oil Supply

Non-OPEC oil supply in 2016 is now expected to contract by 0.68 mb/d, to average 56.30 mb/d. In 2017, non-OPEC supply was revised up slightly by 40 tb/d to show growth of 0.24 mb/d to average 56.54 mb/d, mainly due to new projects coming on stream in Russia. OPEC NGLs are expected to average 6.43 mb/d in 2017, an increase of 0.15 mb/d over the current year. OPEC crude production, according to secondary sources, increased by 0.22 mb/d in September to average 33.39 mb/d.

Stock Movements

OECD total commercial stocks fell in August to stand at 3,094 mb, some 322 mb above the latest five-year average. Crude and product inventories showed surpluses of 191 mb and 131 mb, respectively. In days of forward cover, OECD commercial stocks in August stood at 66.7 days, some 6.7 days higher than the seasonal average.

Balance of Supply and Demand

Demand for OPEC crude in 2016 is estimated to stand at 31.8 mb/d, an increase of 1.8 mb/d over last year. In 2017, demand for OPEC crude is forecast at 32.6 mb/d, a rise of 0.8 mb/d over the current year.

-----

Earlier: 

RUSSIA & SAUDI COOPERATION 

CHINA OIL IMPORTS UP 

OIL PRICES: REDUCING THE ODDS 

BRAZIL SEEKS INVESTMENT 

IRAN WANTS 4 MBD 

РОССИЯ СРЕДИ ЛИДЕРОВ 

СОХРАНЕНИЕ ОБЪЕМОВ ДОБЫЧИ 

OIL DEMAND WILL RISE 

СТАБИЛИЗАЦИЯ МИРОВОГО РЫНКА 

MARKET ISN'T FAVORITABLE

 

 

 

Tags: OIL, DEMAND, SUPPLY, OPEC,
WORLD OIL DEMAND WILL UP BY 1.15 MBD October, 19, 11:30:00

ТРАГЕДИЯ В КЕРЧИ

WORLD OIL DEMAND WILL UP BY 1.15 MBD October, 19, 11:25:00

OIL PRICE: NOT ABOVE $80

WORLD OIL DEMAND WILL UP BY 1.15 MBD October, 19, 11:20:00

GAS FOR CHINA: THE BIGGEST

WORLD OIL DEMAND WILL UP BY 1.15 MBD October, 19, 11:15:00

RUSSIAN LNG FOR GERMANY

WORLD OIL DEMAND WILL UP BY 1.15 MBD October, 19, 11:10:00

RUSSIAN YAMAL LNG

WORLD OIL DEMAND WILL UP BY 1.15 MBD October, 19, 11:05:00

EXXON'S LNG FOR CHINA

All Publications »

Chronicle:

WORLD OIL DEMAND WILL UP BY 1.15 MBD
2018, October, 19, 11:00:00

NORWAY'S GAS FOR BRITAIN

PLATTS - Norwegian natural gas exports to the UK jumped to their highest in six months Wednesday as consistently high UK prices incentivized flows normally only reserved for wintry periods.

WORLD OIL DEMAND WILL UP BY 1.15 MBD
2018, October, 19, 10:55:00

UZBEKISTAN'S NUCLEAR: $11 BLN

AZERNEWS - The estimated cost of construction of nuclear power plant of Russian design in Uzbekistan will be about $ 11 billion, the launch of the first power unit has been planned for 2028, the Aide to the President of the Russian Federation Yury Ushakov said.

WORLD OIL DEMAND WILL UP BY 1.15 MBD
2018, October, 19, 10:50:00

IRANIAN GAS: 1 BLN CMD

SHANA - Managing Director of the Iranian Gas Engineering and Development Company (IGEDC) Hassan Montazer Torbati said the supply of one billion cubic meters per day of natural gas by National Iranian Gas Company (NIGC) was one of the goals of the company by 2021.

WORLD OIL DEMAND WILL UP BY 1.15 MBD
2018, October, 19, 10:45:00

CHINA - BELGIUM NUCLEAR

WNN - China and Belgium have signed a framework agreement on cooperation in the peaceful use of nuclear energy. The agreement was one of several accords signed in Brussels yesterday during a meeting between Chinese Premier Li Keqiang and Belgian Prime Minister Charles Michel.

All Publications »