The prospect of a global sugar production deficit has led to a price increase at the start of the current season, but with stocks still at comfortable levels, the price increase is expected to average slightly above 2%. The drivers of the recent oil price decline have changed over time. Mediumterm price flyups result in increased investments and fids in early 2020s. This report provides a mediumterm outlook for major eu agricultural markets and agricultural income to 2030. The global oil market is the most important of the world energy markets because of oils dominant role as an energy source. Feb 24, 2016 ieas medium term oil market report 2016. It is published three times per year in late winter, early summer and early autumn. In a 2004 report, based on an analysis of new projects over 100,000 barrels per day 16,000 m 3 d, he argued that although ample supply might be available in the near term, after 2007 the volumes of new production for this period are. Progress and challenges continued the greatest coaltogas switching potential in china is in the beijing, tianjin, hebei and shandong. Mediumterm oil market report 2016 summary global oil supply growth is plunging as an extended period of low prices takes its toll, the international energy agency said in its annual mediumterm oil market report.
Structural changes in supply curves, fueled largely by technical innovation, have created an unprecedented downturn in oil and gas markets. Sandra coleman international energy agency bp 58675726 paris cedex 15, france tel. Iea oil market analysis the leading oil market report since 1983, with the latest data and outlook. During the european council meeting on 2324 october 2014, the following conclusions on 2030. The medium term oil market report provides iea forecasts on oil markets for the coming five years as well as an indepth analysis of recent developments in global oil demand, supply and trade. These are just some of the questions addressed in the 2014 edition of the mediumterm oil market report mtomr. Low oil prices offer welcome shortterm economic relief for consumers, but medium and longterm prices remain. If not, please click here to download your copy of the monthly oil market report. Unlike your shortterm plan, its ok for your goal to be less specific here. Mediumterm oil market report mtomr and the monthly oil market report omr, to enable a more direct comparison between the ieas and opecs liquids supply outlooks.
At the same time, us crude oil production rose to a record high of 9. Jul 07, 2007 oil market report dated 11 may 2007, a change on this scale would necessitate additional investment in upgrading capacity far above those that are currently forecast. But the specifics depend on a number of factors, with complex interactions. The supply reduction in global oil market was exacerbated in light of the ongoing opec deal as well. Ieas recently released medium term oil market report. Iea to present the ieas 2016 medium term oil market report mtomr and provide a brief overview of the 2015 medium term coal market report mtcmr. Against this background, capital flowed to the shale oil industry to finance investments in research and development. The csis energy and national security program is pleased to host keisuke sadamori, director of the office for energy markets and security with the international energy agency iea to present the ieas 2016 mediumterm oil market report mtomr.
The csis energy and national security program is pleased to host keisuke sadamori, director of the office for energy markets and security with the international energy agency iea to present the ieas 2016 medium term oil market report mtomr. The 20 mediumterm oil market report evaluates the impact of these changes on the global oil system by 2018 based on all that we know today current expectations of economic growth, existing or announced policies and regulations, commercially proven technologies, field decline. Mediumterm oil market report 2016 summary supply chain. The mediumterm oil market report provides iea forecasts on oil markets for the coming five years as well as an indepth analysis of recent developments in global oil. The oil market in the age of shale oil european central bank. Apr 21, 2016 we use your linkedin profile and activity data to personalize ads and to show you more relevant ads. Kenji kobayashi, whose guidance and support contributed signi. It is based on a set of coherent macroeconomic assumptions deemed most plausible at the time of the analysis, including the continuation of current agricultural and trade policies. The 2014 outbreak of the ebola virus disease in west africa has taken a devastating human toll. Sugar market situation international sugar prices fell by more than 30% in 2014. The iea believes that the recent imbalances in the product market have had a significant knockon effect on oil market volatility and outright prices.
Since its inception in 1983, the ieas 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. Global oil demand growth, in turn, slowed significantly. This report offers policy guidance on how to ensure adequate access to indispensable services for residents in sparsely populated regions. Introduction the fall in oil prices in the second half of 2014 is expected to resultabsent a change in other macroeconomic conditionsin a boost to global economic activity in 201516. This makes the medium term oil market report s insights into the oil market for the next five years essential reading for energy industry and market stakeholders, policy makers and all those interested in energy and the broader economy. The 20 mediumterm oil market report evaluates the impact of these changes on the global oil system by 2018 based on all that we know today current expectations of economic growth, existing or announced policies and regulations, commercially proven technologies, field decline rates, investment programmes. The iea oil market division would like to thank mr. This report provides a medium term outlook for major eu agricultural markets and agricultural income to 2030. Ieas medium term oil market report 2016 center for. Dec 18, 2017 oil markets outlook positive, but no crude shock in medium term crude oil prices are likely to remain flat as the market lacks decisive triggers. How long can the us oil boom be expected to last, and what will it. Oil markets outlook positive, but no crude shock in medium term. The baseline year for projections of liquids fuel demand in the short, medium, and longterm is 2014. In the 2016 edition of its mediumterm oil market report, the international energy agency analyses the key factors impacting the supply and demand for oil from today out to 2021.
Progress and challenges continued the greatest coaltogas switching potential in china is in the beijing, tianjin, hebei and shandong provinces. This edition of the mediumterm oil market report sizes up the magnitude of this transformation so far and sketches the oil landscape at the 2020 horizon. Nov 05, 2019 opec has downwardly revised its forecast for global oil demand growth over both the medium term and long term, citing tough market conditions and signs of stress in the world economy in its. In may 20 the international energy agency in its mediumterm oil market report mtomr said that the north american oil production surge led by unconventional oils us light tight oil lto and canadian oil sands had produced a global supply shock that would reshape the way oil is transported, stored, refined and marketed. Of the over 15 mmbbld of crude passing through the strait. Oil prices remain stable with enough shale oil and offshore coming online at usd6575bbl dampened longterm demand growth supply disruption continues longterm oversupply. Indias economy should gradually pick up in the medium term as financial stability. Iea oil market report 4 demand growth dipped into negative territory in 4q12 for first time since 2009 global gdp growth assumed at 3. Given the reports focus upon industry fundamentals. However prices eventually evolve, markets may never be the same. Continually beset by highprofile environmental issues. Executive summary international energy agency mediumterm oil market report 6 july 2007 there are other risks. Short and mediumterm oil market outlook th shanghai derivatives market forum 25 may 2016.
The region has a very high coal intensity and some of the worlds most polluted cities. Demand medium term gas market report 2016 29 box 1. Iea, medium term oil market report 2014 this map is without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. Iea to present the ieas 2016 mediumterm oil market report mtomr and provide a brief overview of the 2015 mediumterm coal market report mtcmr. Report 2014 increased by more than 15 per cent yoy compared.
Oil and gas reality check 2014 download the report deloitte. Statistics report monthly oecd oil price statistics. In brazil, the taxation system was amended to favour hydrous ethanol rather than gasohol3 and the mandatory anhydrous ethanol blending ratio was increased from 25% to 27%. Biofuels see strong growth but mediumterm forecast remains. 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. Medium sized energy companies, generally more financially constrained than the multinationals, took advantage of. This different treatment of biofuels can make crossoutlook comparison of estimates for liquids, oil, and renewables challenging. In the united states, the energy independence and security act eisa of 2007 defined the. Search, filter, explore and download iea analysis, reports and publications across all fuels and technologies. These changes have also led to massive workforce reductions and laid the groundwork for significant talent gaps in the future. Product safety assessment dow natural gas condensate. World bank group international development, poverty.
Although all market outlooks are subject to many risks, the april edition of eias shortterm energy outlook is subject to heightened levels of uncertainty because the impacts of the 2019 novel coronavirus disease covid19 on energy markets are still evolving. 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. The shortterm outlook is based on reflections of market experts within the european commission s department for agriculture and rural development, using the latest data available. The consequences of the talent shortage wont be fully realized. Given petrolmis reliance on company capital and operating expenditure forecasts to accurately project the industrys. Figures based on march 2015 monthly oil market report. Opec aborts efforts to support the prices and returns to defending market share. May 01, 20 the global oil market will undergo sweeping changes over the next five years. The 2014 outbreak of the ebola virus disease in west africa has taken a horrible human toll. Mediumterm oil market report the wall street journal.
While most of the oil price decline in 2014 could be explained by the significant increase in the. Using data from the ieas recently released medium term 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. The global oil market will undergo sweeping changes over the next five years. While we have thoroughly revised our supply methodology to take account of a sustained high level of oilfield outages, further downside risk on the supply side cannot be ruled out. Your download should automatically begin in a few seconds. In terms of an overarching theme, the 2014 oil and gas. Iea pv roadmap as well as the iea mediumterm renewable energy market report 2014which estimates that cumulative installed capacity of solar photovoltaic electricity systems will more than triple to over 440 gw by 2020 compared to 20. The us continues to produce helped by low breakevens. The mediumterm oil market report provides iea forecasts on oil markets for the coming five years as well as an indepth analysis of recent developments in global oil demand, supply and trade. Biofuels market situation several political changes concerning biofuel markets were finalised in the course. Starting in january of each year, each line shows the expected forecast of nonopec supply for the specified calendar year, which tends to move toward the actual realized supply outcome as the year progresses. Mediumsized energy companies, generally more financially constrained than the multinationals, took advantage of. However, hydrocarbon compounds like those in dow natural gas condensate are released to the environment through the manufacture, use, and disposal of many products associated with the petroleum industry and the combustion of gasoline. Understanding how it works will also shed light on the functioning of energy markets more generally.
The leading oil market report since 1983, with the latest data and outlook. It provides insights into how different countries address. In a 2004 report, based on an analysis of new projects over 100,000 barrels per day 16,000 m 3 d, he argued that although ample supply might be available in the nearterm, after 2007 the volumes of new production. Medium term oil market report 2016 summary global oil supply growth is plunging as an extended period of low prices takes its toll, the international energy agency said in its annual medium term oil market report. This report offers policy guidance on how to ensure adequate access to. Opec has downwardly revised its forecast for global oil demand growth over both the mediumterm and longterm, citing tough market conditions and signs of stress in the world economy in its. We use your linkedin profile and activity data to personalize ads and to show you more relevant ads. Nonopec supply expectations indicate changes in market sentiment concerning oil supply. More than ever, getting a handle on these developments is key to ensuring. It is not just oil price signals that have changed, but also the markets responsiveness to them. This continued policy uncertainty about the economic course of the country is casting a shadow on russias mediumterm prospects.
322 1348 264 1340 536 692 935 764 875 1124 1338 756 415 364 1308 1640 1058 322 513 62 948 771 476 160 30 870 492 1389 1128 29 1048 1421 1436 1358 644 37 1070 905 1070