Macro oils short-term outlook: November 2024
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
- Market outlook
- Global Supply: OPEC+ delay plan to ease cuts by one month as supply ticks up and prices settle lower
-
Non-OPEC supply: outlook driven by upgrades to US NGLs, Niger and Canada
- US Lower 48 oil production will grow at 3% annually through 2026
- Lower 48 operators focus on consolidation and efficiency gains continues
- Other non-OPEC supply changes include:
- OPEC: OPEC+ to delay unwinding of cuts by one month to end-2024
-
Global demand: Increased trade tariffs could threaten the global manufacturing recovery
- Liquids demand by key markets
- Global outlook for 2025 and 2026
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Regional product markets short-term outlook November 2024
Monthly forecast of regional refining economics, regional demand and supply by product along with stock forecasts and a net trade forecast.
$1,900Latin America and the Caribbean product markets short-term outlook November 2024
This monthly update incorporates crude runs, yields, and product-by-product supply-demand balances through to end-2026 for Latin America.
$1,900Global Short-term LNG Supply Tracker (Q4 2024)
Quarterly update of short-term LNG supply dynamics by country
$1,050