Macro oils short-term outlook: August 2022
Report summary
Table of contents
-
Global supply: OPEC+ opts for a minimal supply increase and Libya production bounces back
- Russia: production stabilises in July; US proposes price cap for Russia crude oil exports
- Non-OPEC supply: upward revisions to Russia and Argentina exceed downgrades to Brazil
- US Lower 48: growth remains slow and steady
- OPEC supply: OPEC+ agrees to a 100,000 b/d increase for September
-
Global demand: Demand growth under pressure from slowing economic growth
- Risks to our 2022 and 2023 outlook and comparison to recession scenario
- 2022: Demand erosion and continued Covid restrictions trim our 2022 demand outlook
- 2023: Demand to rise to pre-pandemic levels as global economic may find a soft landing
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
07 March 2023
Macro oils short-term outlook: March 2023
Macro oils short-term outlook: March 2023
The scale of supply losses from Russia, as the EU oil and product embargos start to have an impact on production
$2,00009 February 2023
Macro oils short-term outlook: February 2023
Macro oils short-term outlook: February 2023
The oil price is continuing to languish as the EU product export ban takes effect, along with a price cap plan for Russia’s product exports.
$2,00008 December 2022
Macro oils short-term outlook: December 2022
Macro oils short-term outlook: December 2022
Oil market focuses on recession risk while EU Russian oil import ban and G7 price cap are implemented
$2,000