Oil Market Report April 2023 Analysis IEA International
For the year as a whole, global oil production growth slows to 1.2 mb/d versus 4.6 mb/d in 2022. Non-OPEC+, led by the US and Brazil, drives the 2023 expansion, rising 1.9 mb/d.
Oil price outlook 2023: Here what the analysts think
淟ooking ahead towards 2023, there are a few things to keep in mind. One, the US has confirmed it will start replenishing its Strategic Petroleum Reserves (SPR) at a price between $68 and $72, meaning there may be a further reason for support up ahead.
Oil Market Report March 2023 Analysis IEA
About this report. Following an 80 kb/d contraction in 4Q22, world oil demand growth is set to accelerate sharply over the course of 2023, from 710 kb/d in 1Q23 to 2.6 mb/d
BofA Reveals 2023 Oil Price Forecast | Rigzone
In a report released last week, Standard Chartered highlighted that it is forecasting a Brent crude oil price of $91 per barrel in 2023. Earlier this month, the U.S. Energy Information...
Oil Market Report February 2023 Analysis IEA
Their 2023 budget is based on a Urals price of $70.10/bbl, but the grade’s export price averaged just $49.48/bbl in January versus $82/bbl for North Sea Dated. As a result,
In Surprise, OPEC Plus Announces Cut in Oil Production
Mr. Kloza said he expected that the Brent global oil price benchmark, which has been hovering at $75 to $80 a barrel in recent weeks, would climb above $80. On Sunday evening, the price of...
OPEC sees slower 2023 oil demand growth, no big shale gain
MORE OPEC OIL NEEDED. The supply outlook for 2023 suggests that the market could remain tight. OPEC expects non-OPEC supply to rise by 1.7 million
Where Are Oil Prices Heading In 2023? | OilPrice.com
As long as the Fed remains focused on higher interest rates, it will be a factor in holding the price of oil down. Still, crude prices have, in my opinion, no alternative but to resume...
Oil Market Report March 2023 Event IEA
Oil Market Report March 2023. The IEA's monthly Oil Market Report (OMR) is the exclusive source for official government statistics from all OECD countries,
Why 2023 Is Likely To See Much Higher Oil Prices
There is a clear belief that oil prices will be much higher in 2023. Goldman Sachs forecast $110 oil for next year, but recognizes the uncertainty. On Tuesday, Goldman Sachs?Jeff Currie, global
