But beginning in the 1990s, companies from other industries began to usurp oil producers in terms of stock market heft. 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. Your download should automatically begin in a few seconds. 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. Mediumterm market report 2016 coal market analysis and forecasts to 2021.
Mediumterm renewable energy market report 2016 iea build up. In addition to the global price of crude oil falling to a year low in january 2016 figure 1. Demand medium term gas market report 2016 29 box 1. 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 for this period are. Growth in both advanced and emerging market economies was modest by historical standards. The balancing act a look at oil market fundamentals over. Drawing on their extensive knowledge of the oil industry, roberto f. See mediumterm oil market report 2014, international energy agency, paris. Please note that despite our best efforts to ensure quality control, errors have slipped into the medium term oil market report 2016 the tables in page 1 and page 116 have. The oil market in the age of shale oil european central bank. The outlook for oil demand, supply and refining through 2020. Mediumterm oil demand outlook oecd regions 20172023 statista. Jun 28, 2016 the csis energy and national security program is pleased to host ms.
The main driver of activity remained private consumption, supported by a rise in remittances and improving labor market conditions. Iab iea err iea 0335010598 ministerial mediumterm oil market report 2016 innovation for a clean, secure energy future m. Oil market report annual statistical supplement 2019 edition. Oil production has already seen steep declines, with a cumulative drop of almost 230,000 bd in januaryjune 2016, according to opecs monthly oil market report momr. These can result in the delay or cancellation of a range. Oecdiea 2016 short and mediumterm oil market outlook th shanghai derivatives market forum 25 may 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. Progress and challenges continued the greatest coaltogas switching potential in china is in the beijing, tianjin, hebei and shandong. The oil price remained the key driver of the ruble exchange rate changes in oil prices and the. Mediumterm oil market report 2016 summary supply chain. The annual report, which gives a detailed analysis and fiveyear projections of natural gas demand, supply and trade developments, examines the. Existing pipeline, pipeline expansions already underway and other natural gas supply infrastructure. Venezuela oil exports have yet to show a commensurate decline, most likely due to a collapse in domestic oil demand brought on by the economic crisis. This report contains confidential and proprietary information.
The mediumterm gas market report 2016 assesses these trends and provides a detailed analysis of global demand supply and trade development through 2021. 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. Monetary policies moved to the forefront of the economic analysis in have weeks. Mediumterm oil market report the wall street journal. 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. Recent announced long term contract prices for new renewable power to be commissioned over 2016 2019 denmark policytransitionfromgovernment jsettariffs. Stephen schork, a former floor trader on the new york mercantile exchange and the editor of an oil market newsletter, said one floor trader bought 1,000 barrels 160 m 3, the smallest amount permitted, and. Vital income from hydrocarbon exports could fall for key producer economies, dealing a heavy blow to spending on essential services. In the electric power business, the market environment was extremely challenging as power prices in the exchange market fell. It is published three times per year in late winter, early summer and early autumn.
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 mid the past december decision by the fedus eral reserveto raise. Aguilera and marian radetzki provide an indepth examination of the price of the worlds most important commodity. Return to a mediumterm fiscal framework can decrease the fiscal deficit over time percent of. Analysis from the iea mediumterm renewable energy market report 2015 and the new policies scenario of the world energy outlook 2015. Speculators have amassed a nearrecord number of bullish bets on increasing oil prices. By contrast, oil fired generation would normally consume about 200 kbd under worst case scenario of no nuclear restart incremental oil needs could rise to 460 kbd versus normal nuclear profile source. The iea believes that the recent imbalances in the product market have had a significant knockon effect on oil market volatility and outright prices.
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. The imfs transparency policy allows for the deletion of market sensitive information and. It also explores the links between todays oversupply and emerging shifts in trade patterns, pricing mechanisms and market structures that have the potential to substantially reshape the. Recent monetary policies and their impact on the oil market. As in previous editions, this report also offers key projections of global refining capacity, crude trade flows and product supply, this year with special focus on. Saudi arabia has begun a fundamental policy shift to respond to low oil prices. Oecd ilibrary is the online library of the organisation for economic cooperation and development oecd featuring its books, papers and statistics and is the gateway to oecds analysis and data.
Medium term oil demand outlook for oecd regions from 2017 to. In the 2016 edition of its mediumterm oil market report, the international energy agency. The research process has been coordinated by statoils unit for macroeconomics and market analysis, with crucial. The report also assesses the potential impact of enhanced policy action for the electricity sector under its accelerated case, which would position the world firmly on a path to a more sustainable and secure energy system. The mid the past december decision by the fedus eral reserveto raise interest rates by 0.
The balancing act a look at oil market fundamentals over the. 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. Article energy market turmoil deepens challenges for many major oil and gas exporters. Such geopolitical risk factors are themselves a defining feature of the oil market for the medium term. Mediumterm renewable energy market report 2016 oecd. Although all market outlooks are subject to many risks, the april edition of eias short term 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. Weekly tanker report oil price shock no 4 page 03 north sea as in the med, aframaxes had a good week of it, with rates pushing to 80,000mt by ws 185 xukcont and to 100,000mt. While both opec and the iea take a bottomup approach of assessing fieldlevel supply capabilities for their mediumterm supply outlooks, they may take different upstream oil. To supplement the information in this document, member countries of the intergovernmental group on tea iggtea which have provided market commentaries to the secretariat, will each be given ten minutes to make a presentation at the plenary session.
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. The result could be a sharp rise in oil prices that risks curtailing economic growth. Oecd, particularly for those used in the medium term projections. The annual oil market report provides iea forecasts on oil markets for the next five years as well. Ieas medium term oil market report 2016 center for. 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. The balancing act a look at oil market fundamentals over the next five years 1 since mid2014, the crude oil market cycle has turned downward, resulting in ever lower prices, leading to deep capital expenditure capex reductions, and creating turmoil across the oil and gas industry. Some of these reports are published quarterly, some just once per year, but all are based on the firm. Energy information administration eia will provide weekly estimates of u. Market uncertainty has led the industry to a rapidlychanging range. Based on information available at the time of these discussions, the staff report was completed on march 2, 2016. Mediumterm renewable energy market report mtrmr 2016 is in line with the commitments.
A bbc report from the following day stated a single trader bid up the price. To supplement the information in this document, member countries of the intergovernmental group on tea iggtea which have provided market commentaries to the secretariat, will each be given ten minutes to. Mediumterm oil market report 2016 analysis and key findings. Progress and challenges continued the greatest coaltogas switching potential in china is in the beijing, tianjin, hebei and shandong provinces. Jan 16, 2020 leading oil and gas companies based on market cap 2019. Analysis from the iea medium term renewable energy market report 2015 and the new policies scenario of the world energy outlook 2015. 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. Please note that despite our best efforts to ensure quality control, errors have slipped into the mediumterm oil market report 2016 the tables in page 1 and page 116 have.
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. Intergovernmental group on tea twentythird session hangzhou. They argue that although oil has experienced an extraordinary price increase over the past few decades, we have now. The annual report, which gives a detailed analysis and fiveyear projections of natural gas demand, supply and trade developments, examines. The region has a very high coal intensity and some of the worlds most polluted cities. This report provides a mediumterm outlook for major eu agricultural markets and agricultural income to 2030.
Due to current market uncertainty, the labour market outlook 2017 to 2021 for canadas oil and gas industry report presents workforce projections for two scenarios, generated using petrolmis labour forecasting model. The oil price continued to rise in 1h 2018 yet a q4 2018 renewed supply. In 2016, ministers reemphasised the need for industry to consider, new. 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.639 1007 1259 145 1180 888 1124 359 937 1468 1204 1474 1029 1330 1126 1170 324 792 730 160 1268 325 1166 1415 605 874 1421 673 395 938 1369 304 923 196