Macro Oils short-term outlook: July 2021
This report is currently unavailable
*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+ expected to continue lifting production restraint gradually, despite lack of new agreement
- OPEC+ fail to reach agreement at early July meeting
- Non-OPEC Supply: NOC targets drive supply revisions
- US Lower 48: private operators pick up the pace, but supply remains steady
- Mexico: PEMEX priority fields offset natural declines
- OPEC: minor upward revisions focus on Iran
- Iran elects new President
-
Global demand: Downside risk to H2 2021 recovery looms as vaccination pace is challenged by new Covid-19 variants
- 2021: Growth path continues through the end of the year, but the recovery remains uneven
- 2021: Quarterly demand breakdown
- 2021: Regional demand
- 2022: Demand’s growth trajectory now accelerates in H2 2022
- Risks to the outlook
Tables and charts
This report includes the following images and tables:
- Graph 1: Covid-19 Vaccination Rates by Country
What's included
This report contains:
Other reports you may be interested in
Europe energy prices: June 2025
Europe energy prices provides a comprehensive outlook for fuel, carbon and power prices in Europe to 2050.
$15,000Ronnskar copper smelter
A detailed analysis of the Ronnskar copper smelter.
$2,250What does an OPEC+ accelerated return of cuts mean?
We examine the impact of a continuation of the accelerated easing of OPEC+ voluntary cuts from July through October 2025.
$1,350