Macro oils short-term outlook: January 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
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Global supply: political unrest and protests add to supply risk
- Non-OPEC: upward revision to US Lower 48 offsets downgrades to Norway, Brazil and Russia
- US Lower 48: improving efficiencies push growth higher
- OPEC: Libya outages; easing of production restraint continues as planned for OPEC+
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Global demand: Risks to growth are to the downside as 2022 begins
- As recovery continues, oil demand risks are to the downside
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What's included
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