Macro oils short-term outlook: February 2022
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Table of contents
-
Global supply: OPEC+ and mature producer struggles offset by increasing US onshore activity
- Russia production edges higher in January as Ukraine tensions rise
- Non-OPEC Supply: Downward adjustments to the North Sea offset North America gains
- US Lower 48: production returns to pre-pandemic levels by 2023
- OPEC: steady as it goes, agreement to roll over the current pace of OPEC+ production increases
-
Global demand: Recovery to proceed swiftly in 2022, but faces downside risks
- 2022 global liquids demand by region
- Asia-Pacific
- Europe
- Americas
- Russia and The Caspian
- Africa
- 2023 global liquids demand
- Risks to the outlook
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Macro Oils short-term outlook February 2020
Short term oil market outlook takes into account our latest sharp downward adjustment to China’s oil demand in Q1 2020
$2,000Macro oils short-term outlook: July 2024
Market fundamentals offer further price support as Brent strengthens through June.
$2,000Macro oils short-term outlook: June 2024
OPEC+ faces challenge of supporting prices while bringing back supply
$2,000