Macro oils short-term outlook: April 2024
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Report summary
Table of contents
- Global Supply: non-OPEC growth slows and OPEC+ cuts take effect in first half of 2024
- Non-OPEC: downgrades to Q1 2024 dominate changes this month
- US Lower 48 annual oil production growth forecast to slow to 250,000 b/d in 2024
- OPEC: OPEC+ continues with production cuts
- Global demand: Emerging markets in Asia Pacific propel growth this year
- Liquids demand by key markets
- Global outlook for 2025
- Risks to the outlook
Tables and charts
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What's included
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