Commodity Market Report

Macro oils short-term outlook: January 2023

Get this report


You can pay by card or invoice

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

Oil prices bumped down over the holidays and into the new year. We still project a moderate recovery in the market, as demand is expected to shift into strong growth this quarter and more so in the second quarter. Highlights of this monthly update include: • Price outlook through 2024 with revisions in near term • Improved drilling and completion efficiency support upgrade to US L48 supply outlook • Russia production revised up as high distillate exports support crude runs through end of 2022 • China easing Covid measures helps drive growth in 2023 The early January Monthly Update features an Executive Summary report and the related data download. The slide pack will resume with the next monthly report.

Table of contents

Tables and charts

This report includes 1 images and tables including:

What's included

This report contains:

  • Document

    Macro Oils Short Term Outlook January 2023 Data.xlsx

    XLSX 3.04 MB

  • Document

    Macro oils short-term outlook: January 2023

    PDF 1004.60 KB