Macro oils short-term outlook: September 2023
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Report summary
Table of contents
- Outlook for 2024 and 2025
-
Global Supply: Saudi Arabia extend production cuts to end of 2023
- Non-OPEC: strong growth in US NGLs and US Lower 48 drive upgrades in 2023 and 2024
- OPEC supply: Saudi Arabia to extend voluntary cut of 1 million b/d to end-2023
- Global demand: Growth remains steady despite a bumpy road ahead
-
Liquids demand by key markets
- China
- United States
- Europe
- Global outlook for 2024
- Global outlook for 2025
- Risks to the outlook
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