Commodity Market Report

Macro oils short-term outlook: March 2022

Get this report

$2,000

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

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

- FAQs about online orders
- Find out more about subscriptions

04 March 2022

Macro oils short-term outlook: March 2022

Report summary

In this Monthly Update, we have adjusted historical demand upward which lifts the total. The price forecast has also been revised upward to reflect the risk premium which developed as a result of the sanctions put in place against Russia in late-February. Russia is the world’s second largest oil producer at 11 million b/d of crude oil and condensate and its oil exports total about 4.6 million b/d, just under 5% of 100 million b/d of world supply. Highlights of this short term outlook include: • IEA crude stock release timing uncertain • US rig additions have slowed but production recovers through the year • OPEC production forecast shows gains in 2022 • Russia oil production outlook and risks • Demand recovering from the Covid impact

Table of contents

Tables and charts

No table or charts specified

What's included

This report contains:

  • Document

    Macro Oils Short Term Outlook March 2022 Slidepack.pdf

    PDF 1.45 MB

  • Document

    Macro Oils Short Term Outlook March 2022 Data.xlsx

    XLSX 2.94 MB

  • Document

    Macro oils short-term outlook: March 2022

    PDF 776.08 KB

  • Document

    Macro Oils Short Term Outlook March 2022 Slide Charts.xls

    XLS 1.00 MB