Macro oils short-term outlook: June 2023
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Report summary
Table of contents
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Global Supply: OPEC+ surprises with a million b/d cut for July
- Non-OPEC supply: upgrades to Russia are offset by downgrades to Kazakhstan in 2024
- OPEC supply: crude oil output lowered as Saudi Arabia commits to an additional 1 million b/d cut in July
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Global demand: A two speed recovery skews growth towards services as manufacturing stagnates
- 2023 liquids demand by key markets
- Global outlook for 2024
- Risks to the outlook
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What's included
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