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Commodity Market Report

Macro Oils short-term outlook: September 2021

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08 September 2021

Macro Oils short-term outlook: September 2021

Report summary

The 1 September 2021 OPEC+ meeting results were not a surprise to the market, or to our short-term analysis. We continue to factor in a rise in production from OPEC+ through much of 2022. Global demand remains on its recovery path in North America and Europe while Asia-Pacific extends Covid-19 restrictions. Key topics include: • Revisions to non-OPEC supply including impact of Hurricane Ida • How are major upstream project FIDs faring in 2021? • Asia-Pacific demand takes different trend from US and EU • OPEC+ agreement and expected demand recovery

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  • Document

    Macro Oils Short Term Outlook September 2021 Data.xlsx

    XLSX 3.26 MB

  • Document

    Macro Oils Short Term Outlook September 2021 Slidepack.pdf

    PDF 1.74 MB

  • Document

    Macro Oils short-term outlook: September 2021

    PDF 779.85 KB

  • Document

    Macro Oils Short Term Outlook September 2021 Slide Charts.xls

    XLS 1.04 MB