20 Jun 2019 Saudi Arabia's crude oil inventories have fallen under 200 mn bl for the first time in a decade as the Kingdom's production cuts continue, Oil prices and U.S dollar5. Spare capacity and inventories. Source: World Bank, IEA, Bloomberg, FRED, and Google Trends. 1. All oil supply, including crude oil, Since its inception in 1983, the IEA's Oil Market Report (OMR) has become recognised as one of the world’s 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 non-OECD countries. The agency, which coordinates energy policies of industrial nations, raised its 2017 global oil demand growth estimate to 1.6 million barrels per day (bpd) from 1.5 million bpd. “OECD demand growth continues to be stronger than expected, particularly in Europe and the U.S.,” the Paris-based IEA said. Global oil markets are likely to remain “calm” next year as soaring production outside OPEC and high inventories keep consumers comfortably supplied, the International Energy Agency said. Global oil inventory builds typically moderate during the second half of the year, as demand rises and non-Organization of Petroleum Exporting Countries supply growth slows, particularly in the US The IEA Oil Market Report (OMR) is one of the world's 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.
Orbital Insight delivers objective, transparent, and timely crude oil volumes sourced offers the market's only objective real-time intelligence of global inventories. daily observations, leading reporting agencies such as the IEA by six weeks. 8 Feb 2020 Between the two major crude oil inventory reports from the API and The weekly update on the number of crude oil inventories in the U.S. is The Strategic Petroleum Reserve (SPR), the world's largest supply of The federally-owned oil stocks are stored in huge underground salt caverns at four sites acted in coordination with its partners in the International Energy Agency ( IEA). After depletion of excess inventories, OPEC The oil price continued to rise in 1H 2018 - yet a Q4 2018 renewed supply build-up Global oil market balance.
EIA expects the price of North Sea Brent crude oil (a global benchmark for crude oil) to average $58.67 per barrel (b) throughout the 2019–2020 winter, compared with an average of $65.47/b last winter. Similarly, low propane prices reflect the current and forecast price of natural gas, Global oil demand expected to decline as the impact of the new coronavirus spreads around the world. The situation remains very fluid, however, making it extremely difficult to assess the full impact. Oil Market Report - March 2020 The IEA also said the impact from Hurricane Harvey on U.S. oil markets in the Gulf Coast was easing and its impact on global markets was likely to be relatively short-lived, although it would According to the IEA, global supply in May of this year grew by 585 thousand barrels per day. 290 thousand barrels per day of this came from OPEC as output in Libya and Nigeria surged and as Iraq IEA reduces 2020 global oil demand growth forecast to 825,000 b/d. Global oil demand has been hit hard by the coronavirus and the widespread shutdown of China’s economy. Demand is now expected The Paris-based IEA kept its 2019 forecast for global oil demand growth at 1.4 million barrels per day, unchanged from its projection last month, and said it expected growth of 1.3 million bpd this year. Uncertainty over the global economy stemming from U.S.-China trade tensions could
This week’s domestic crude oil production estimate incorporates a re-benchmarking that affected estimated volumes by less than 50,000 barrels per day, which is about 0.3% of this week’s estimated production total. The petroleum supply situation in the context of historical information and selected prices. tags: OPEC crude oil international inventories/stocks liquid fuels oil/petroleum + prices production/supply U.S. crude oil exports increased to nearly 3 million barrels per day in 2019 At 451.8 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year. Total motor gasoline inventories decreased by 5.0 million barrels last week and are about 1% above the five year average for this time of year. Finished gasoline and blending components inventories both decreased last week. tags: OPEC crude oil international inventories/stocks liquid fuels oil/petroleum + prices production/supply U.S. crude oil exports increased to nearly 3 million barrels per day in 2019 EIA expects the price of North Sea Brent crude oil (a global benchmark for crude oil) to average $58.67 per barrel (b) throughout the 2019–2020 winter, compared with an average of $65.47/b last winter. Similarly, low propane prices reflect the current and forecast price of natural gas, Global oil demand expected to decline as the impact of the new coronavirus spreads around the world. The situation remains very fluid, however, making it extremely difficult to assess the full impact. Oil Market Report - March 2020 The IEA also said the impact from Hurricane Harvey on U.S. oil markets in the Gulf Coast was easing and its impact on global markets was likely to be relatively short-lived, although it would
14 Jun 2017 Oil demand should outpace supply in the second half of this year but inventories will persist well into 2018, dealing a blow to global crude 13 Nov 2017 of global crude oil inventory outside of world petroleum inventory as a proxy for changes in revisions or if the IEA and EIA data are at odds