Oil Market Report
Report provides detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for OECD and an increasing number of non-OECD countries;
- History
Expected Impact / Date | Description |
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Feb 13, 2025 | |
Jan 15, 2025 | |
Dec 12, 2024 | |
Nov 14, 2024 | |
Oct 15, 2024 | |
Sep 12, 2024 | |
Aug 13, 2024 | |
Jul 11, 2024 | |
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- Oil Market Report News
- From argusmedia.com|Feb 13, 2025
The IEA said today that the Opec+ alliance's improving compliance with agreed crude production targets is "slowly chipping away" at its projected supply surplus this year. In its latest Oil Market Report (OMR), the Paris-based agency again lowered its forecasted surplus for this year, this time by 270,000 b/d to 450,000 b/d. This is the agency's third consecutive downgrade since November, when it saw 2025 supply outstripping demand by 1.15mn b/d. These forecasts are subject to change. With data now "largely complete" for 2024, the ...
- From brecorder.com|Feb 13, 2025
China’s demand for road and air transport fuels may have passed its peak, the International Energy Agency (IEA) said on Thursday, citing data showing that the country’s consumption of gasoline, gasoil and jet fuel declined marginally in 2024. Combined consumption of the three fuels in China last year was at 8.1 million barrels per day (bpd), which was 200,000 bpd lower than in 2021 and only narrowly above 2019 levels, the IEA said in a monthly report. “This strongly suggests that fuel use in the country has already reached a plateau ...
- From @FirstSquawk|Feb 13, 2025
post: IEA CUTS ESTIMATE FOR 2025 OIL SURPLUS CITING SANCTIONS, DEMAND NON-OPEC+ OIL SUPPLIES TO EXPAND BY 1.4M B/D THIS YEAR: IEA post: IEA SAYS RUSSIAN OIL FLOWS SO FAR CONTINUE LARGELY UNAFFECTED BY LATEST US SANCTIONS - MONTHLY REPORT post: IEA RAISES 2025 WORLD OIL DEMAND GROWTH FORECAST TO 1.1 MILLION BARRELS PER DAY (PREV FORECAST 1.05 MILLION BPD) post: IEA SAYS CHINA’S USE OF GASOLINE, JET/KEROSENE AND GASOIL DECLINED MARGINALLY IN 2024
- From oilprice.com|Jan 15, 2025
The new expansive U.S. sanctions on the Russian oil industry and exports could affect global oil flows, complicating trade logistics for producers using shadow fleets such as Russia, Iran, and Venezuela, the International Energy Agency (IEA) said on Wednesday. Despite the prospect of declining supply from Russia and Iran, with the latest sanctions against Moscow from the outgoing U.S. Administration and expected stricter sanctions and sanction enforcement from the incoming Trump Administration, the global oil market is likely to ...
- From @financialjuice|Jan 15, 2025
post: IEA: THE NEW US SANCTIONS ON RUSSIA COULD SIGNIFICANTLY DISRUPT RUSSIAN OIL SUPPLY AND DISTRIBUTION CHAINS - MONTHLY REPORT post: IEA RAISES 2024 WORLD OIL DEMAND GROWTH FORECAST TO 940,000 BPD (PREVIOUS FORECAST 840,0008PD) AFTER STRONGER THAN EXPECTED Q4 post: IEA TRIMS 2025 WORLD OIL DEMAND GROWTH FORECAST TO 1.05 MILLION BPD (PREVIOUS FORECAST 1.4 MILLION BPD) post: IEA: GLOBAL OIL SUPPLY IS PROJECTED TO RISE BY 1.8 MILLION BPD IN 2025, FASTER THAN RATE OF DEMAND GROWTH. post: IEA: OIL SURPLUS NARROWS FOR 2025 AMID NEW SUPPLY RISKS.
- From rigzone.com|Dec 12, 2024
Global oil markets face a glut next year despite last week’s decision by OPEC+ to delay supply increases, the International Energy Agency said. World markets will be oversupplied by a hefty 1.4 million barrels a day if the group proceeds with plans to revive output starting in April, the IEA predicted in a monthly report. Even if OPEC+ cancels next year’s hikes entirely, there’ll still be an overhang of 950,000 barrels a day. The cartel led by Saudi Arabia and Russia on Dec. 5 agreed yet again to postpone plans to restore shuttered ...
- From argusmedia.com|Dec 12, 2024
The recent decision by Opec+ members to delay a planned output increase has "materially reduced" a potential supply surplus next year, the IEA said today. Opec+ producers earlier this month pushed back a plan to start unwinding 2.2mn b/d of voluntary crude production cuts by three months to April 2025 and to return the full amount over 18 months rather than a year. Still, the oil market in 2025 is still likely to be significantly oversupplied, the IEA said in its Oil Market Report (OMR), given persistent overproduction by some Opec+ ...
- From @PiQSuite|Dec 12, 2024
post:
IEA TRIMS 2024 WORLD OIL DEMAND GROWTH FORECAST TO 840,000 BPD (PREV FORECAST 920,000 BPD) – MONTHLY REPORT **IEA RAISES 2025 WORLD OIL DEMAND GROWTH FORECAST TO 1.1 MILLION BPD (PREV FORECAST 990,000 BPD) CITING CHINA STIMULUS MEASURES **IEA SAYS WORLD OIL MARKET LOOKS… post: IEA HAS STATED THAT EVEN WITH A DELAY IN SUPPLY CUTS BY OPEC+, THE OIL MARKET IS EXPECTED TO EXPERIENCE AN OVERSUPPLY IN THE UPCOMING YEAR
Released on Feb 13, 2025 |
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Released on Jan 15, 2025 |
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Released on Dec 12, 2024 |
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- Details