Purchase access to iea data services by credit card. Published asc newest to oldest oldest to newest position name. Mediumterm oil market report 2016 linkedin slideshare. Iea monthly oil market report is released by the international energy agency. Iea reveal oil demand, supply and stock information in eagerly awaited report the euro zone debt crisis influenced market sentiment in october and early november although ultimately fundamentals reasserted themselves. Iea says strong oil demand growth helping market rebalance. Aug 11, 2016 global oil demand growth is now expected to slow to 1. A breakdown of global oil production can be accessed via the links below or via the menu bar above. This website allows you to purchase data card and data service subscription access to the iea online data services website. Opec output however rose to an eight year high up 400,000 bd in june at 3. This category excludes refinery losses, but includes refinery fuel. Futures prices for benchmark crudes diverged in october, with wti on a solid upward trend while brent eased. Chapter 1 features a basic level of introduction to the global oil market, pricing, forecasting and the iea.
The latest report however highlighted sharply deteriorating demand in europe in july and forecast a 120,000 bd decline in european oil demand year on year in the third quarter. If you have any questions or if you wish to subscribe to the iea monthly oil data service, please contact us. The report provides a detailed market analysis and overview of renewable electricity capacity. The oil market is rebalancing as demand continues to grow, according to the iea. The iea released highlights for the december oil market report in mid december. Iea oil market report, january 19 business insider. Oil 2017 formerly known as the mediumterm oil market report. Supply in the first three months of the year remained stable at 95. Jan 19, 2016 the oil market report omr is a monthly international energy agency publication which provides a view of the state of the international oil market and projections for oil supply and demand 1218. The outlook for oil demand, supply and refining through 2020. While we cannot know how long the deal will last, it provides clear trends to guide our view of the next five years. The price of the licence depends on the number of users. On the whole growing tendency of world oil supply is observed in spite of the oil price collapse in 2014.
The international energy agency monthly oil market report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. Iea releases oil market report for may india infoline. Global oil market rebalancing speeds up, inventories lag. The agreement brought to an end a twoyear freemarket window where producers competed to secure outlets for their oil. This agreement provides the backdrop to the iea s latest fiveyear oil market forecast, which was renamed market report series.
Create an account to be able to download free publications and make purchases on the iea webstore. Iea sees oil market rebalancing faster if opec respects. In its monthly oilmarket report, the parisbased agency said it expects global crude consumption to clock growth of 1. The csis energy and national security program is pleased to host heymi bahar, project manager of the renewable energy division at the international energy agency iea, for a presentation of the ieas renewable energy market report 2017 formerly titled mediumterm renewables market report. Jan 19, 2018 production growth, the iea said in its monthly market report, was returning to the heady days of 202015 with us total output on course to overtake saudi arabia and rivalling russia. For an example of this report, please see the archives section. Jan 19, 2018 oil futures were lower in new york and seemed headed for a weekly decline after the report was issued. Brent prices fell after the publication of the iea report.
By accessing this site, you accept that we process certain information you send e. The market needs time for the full impact of the big supply cuts under the output reduction agreements to be felt, the international energy agency iea said on march 15. Iea monthly oil market report worldwide economic event. The outlook for the balance of supply against demand in the first half is essentially unchanged from last month, the iea said. Oil futures were lower in new york and seemed headed for a weekly decline after the report was issued. The center on global energy policy cgep hosted a presentation and discussion on the international energy agencys iea 2015 energy efficiency. May 12, 2016 this marks a far cry from the ieas warning at the start of the year that the oil market could drown in supply in 2016, given the pace of stockbuilding and the net rise in global. Oil, refinery margins file direct access to the restricted omr data website from your webstore account subscriptions run over 1 or 2 years a 10% discount is applied on 2year subscriptions, from date to date. Oct 11, 2016 brent prices fell after the publication of the iea report. May 16, 2017 the global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up, even if inventories still fail to reflect the impact of opec supply cuts, the.
The agreement brought to an end a twoyear free market window where producers competed to secure outlets for their oil. Iea expects oil market tightening by 2022 by irina slav may 30, 2017, 3. Outlook for oil brightens as output disruptions erode surplus. Ieas renewable energy market report 2017 center for. Iea sees oil market rebalancing faster if opec respects deal. The first point is how long the oil reserves release will remain influential for overall supply and demand in the international oil market. Oil market report 20 12 september 20 libyan oil supplies cascade lower oil production in libya plunged to a post. Aug 11, 2017 the oil market is rebalancing as demand continues to grow, according to the iea. In its monthly oil market report, the parisbased agency said it expects global crude consumption to clock growth of 1. At publication time, crude prices are close to the levels when the opec output deal was announced.
The second point is the ieas relations with oil producing. Oil market rebalancing is essentially here, iea says. Production growth, the iea said in its monthly market report, was returning to the heady days of 202015 with us total output on course to overtake saudi arabia and rivalling russia. Since its inception in 1983, the iea s oil market report omr has become recognised as one of the worlds most authoritative and timely sources of data, forecasts and analysis on the global oil market including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for oecd and selected nonoecd countries. London time should oil prices continue to rise, opec.
May 16, 2017 the oil market has essentially reached a balance and will continue to accelerate in the near term, the international energy agency iea said in its monthly report published tuesday, just nine. I have used information from the november report and assumed opec crude output will be 32. Using data from the ieas recently released mediumterm oil market report, halff says that growth in refining capacity between 2012 and 2018 will far exceed that of crude oil capacity and oil product demand. Iea forecasts oil shortages and sharp price rise by 2020.
West texas intermediate for february delivery was down 0. International energy agency iea monthly oil market report. At the time, the iea said in a monthly report that it saw no significant rise in prices. Feb 24, 2016 in the 2016 edition of its medium term oil market report, the international energy agency analyses the key factors impacting the supply and demand for oil from today out to 2021. The international energy association iea released its oil market report omr for december, cutting the outlook for 2015 global oil demand growth by 230 mbopd to 900 mbopd on lower expectations. Benchmark crude oil prices fell after 23 may, reflecting lower expectations about the pace of global market rebalancing. Every new piece of evidence points to a twospeed oil market, with new activity at a historic low on the conventional side contrasted by remarkable growth in us shale production, the ieas. Fuel oil prices and cracks were boosted as stocks fell to their lowest level in two years due to tight supplies of sour crudes. In its closely watched monthly oil market report, the iea said it now expects global demand to grow by 1. The whole of the omr is now graphed from january 2002. Million barrels per day surplusdeficitlhs oil demand oil supply 90 72 78 84 96 102 00. As recently as june, the iea had forecast that assuming no further surprises, in h2 16 we expect the oil market to be balanced.
Oct 11, 2016 the iea report also said that global oil supply hit 97. Drop in the number of rigs drilling for oil and huge reductions in exploration and production capital expenditures have been reported as a result of current oil prices. Oct 15, 2015 the center on global energy policy cgep hosted a presentation and discussion on the international energy agency s iea 2015 energy efficiency market report with philippe benoit. This agreement provides the backdrop to the ieas latest fiveyear oil market forecast, which was renamed market report series. Oil futures end lower as iea reports a jump in opec output. Sees global oil market broadly balanced next year, assuming opec. International energy agency iea data services subscriptions. The oil market has essentially reached a balance and will continue to accelerate in the near term, the international energy agency iea said in its monthly report published tuesday, just nine. Here are the highlights from the latest oil market report, released by the international energy agency iea this thursday. The iea report also said that global oil supply hit 97.
Oil market rebalancing underway but nonopec expansion. Iea sees much tighter oil market as new discoveries crash. The mobius risk group energy market podcast with john saucer for august 17, 2016 addresses the august iea oil market report and gives an update on global demand. Global oil production data are reported monthly in the iea oil market report. Regarding the attentionattracting iea decision to release oil reserves, i am paying attention to the following three points for the future. However, this years oil supply prospects became less optimistic. In its latest mediumterm oil market report, the international energy agency iea. My name is kevin book, and im a senior associate here at the center for strategic and international studies. It includes over 2000 charts and tables that characterize the demand, supply, oil prices and the activities of oil refineries around the world. Database documentation april 2020 edition 9 international energy agency oecd products supply and consumption flow short name definition refinery gross output refgrout this is the production of finished products at a refinery or blending plant. World oil demand will grow more than expected this year, helping to ease a global glut despite rising production from north america and weak. Oil ends mixed after iea forecasts on global demand and non. The global oil market is rebalancing and the pace at which supply and demand are falling into line is picking up, even if inventories still fail to reflect the impact of opec supply cuts, the.
The price of oil has been stuck in a narrow range since the conclusion in middecember of the organization of petroleum exporting countries opec and nonopec production accords. By dennis coyne click to enlarge the iea released highlights for the december oil market report in middecember. Iea oil market report 2017 center for strategic and. Battle for global oil market share just started rt. Iea oil market report 12sep20fullpub linkedin slideshare. In late 2016, leading oil producers put together the most comprehensive agreement to limit oil output seen since 2009 to ensure the stabilization of oil prices and avoid economic dislocation in. Aug 11, 2016 global oil markets will continue to rebalance this year as a pickup in demand from refiners absorbs record output from several persian gulf producers, the international energy agency predicted. Ieas recently released medium term oil market report. The iea oil market report omr is one of the worlds most authoritative and timely sources of data, forecasts and analysis on the global oil market including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for iea and selected non iea countries. May, 2015 supply in the first three months of the year remained stable at 95. Global oil supplies rose 250 000 barrels per day 250 kbd in april from the preceding month to 96. The report also focuses on a few different results, which to some extent coincide, but not all chapters are necessary if looking for specific results. Please refer to the technical requirements for using iea online data services website beforehand. In the 2016 edition of its medium term oil market report, the international energy agency analyses the key factors impacting the supply and demand for oil from today out to 2021.
The iea oil market report was largely in line with opecs assesment yesterday non opec output was seen falling in 2016 by 900,000 bd however, they differed on the 2017 perspective with 2017 expectations from the iea forecasting a modest growth of 200,000 bd in 2017. Subscriptions run over 1 or 2 years a 10% discount is applied on 2year subscriptions, from date to date. The oil market report omr is a monthly international energy agency publication which provides a view of the state of the international oil market. Apr 21, 2016 the outlook for oil demand, supply and refining through 2020. The iea produces free monthly statistics with timely and consistent oil, oil price, natural gas and electricity data for all oecd member countries back to 2000. I have also used the demand estimates from the december highlights. Iea oil reserves release and international oil market. And i also wear a lot of hats, as someone with my haircut might, and im managing director at clearview energy partners as well. Music streaming now accounts for almost half of that revenue, with 255 million paid users worldwide todays infographic from global web index compares the popularity of streaming services, exploring how streaming behavior differs by age. It is a global statistical document provided with a brief summary. The iea monthly oil data service provides a detailed database of historical and projected information used in preparing the monthly iea s oil market report omr.