My name is kevin book, and im a senior associate here at the center for strategic and international studies. Opec output however rose to an eight year high up 400,000 bd in june at 3. Database documentation 2019 edition 7 international energy agency 3. Iea sees oil market rebalancing faster if opec respects. Latest oil market update international energy forum. Market of biomass fuels in finland an overview 20 iea bioenergy task 40 country report of finland 2014 antti karhunen lappeenranta university of technology.
Mediumterm coal market report 2014 international mining. The iea oil market report omr is 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 iea and selected non iea countries. Subscriptions run over 1 or 2 years a 10% discount is applied on 2year subscriptions, from date to date. The iea released its oil market report for the month of december, 2014, leading to yet another fall in oil prices. As the 2014 solar thermal market felt the impact of slowing markets in china and europe, the largest world markets, growth was seen in two important areas. For an example of this report, please see the archives section. The iea carries out a comprehensive program of energy cooperation among 29 advanced economies, each of which is obliged to hold oil stocks equivalent to 90 days of its net imports. Iea shc general programme reports general programme. The iea oil market division would like to thank mr. A breakdown of global oil production can be accessed via the links below or via the menu bar above. The march omr will have the usual data and projections through end2020, but. The iea was initially dedicated to responding to physical disruptions in the supply of oil, as well as serving as. The opec monthly oil market report momr covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. Omr oil market report iea opec organization of the petroleum exporting countries.
The report provides a detailed analysis of key developments impacting oil market trends in world oil. The international energy agency monthly oil market report covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The drilling productivity report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil and natural gas wells to provide estimated changes. Iea monthly oil market report is released by the international energy agency. Iea global oil demand forecasts, 2012 december 2016 mbd. Oil market rebalancing is here and will continue, iea says published tue, may 16 2017 5. The chart above assumes world commercial petroleum stocks are 5200 million barrels in dec 2011, days of demand is total stock divided by the current month. The opec monthly oil market report momr covers major issues affecting the world oil market and.
Pdf the iea, the new energy order and the future of. Iea says oil market may drown in oversupply in 2016. The iea oil market report omr is one of the worlds most authoritative and timely sources of data, forecasts and analysis on the global oil market including. The iea december monthly oil market report was released today. As the supply revolution enters a new phase, oil s role in the global energy mix is being redefined. On the whole growing tendency of world oil supply is observed in spite of the oil price collapse in 2014. Jul aug sep oct nov dec jan 14 feb 14 mar 14 apr 14 may 14 jun 14 jul 14 aug 14 sep 14 oct 14 nov 14 dec 14 mbd world oil demand nonopec supply. The iea hydrogen strategic plan 20202025 presents the strategic framework and work programme for the coming fiveyear term. These are just some of the questions addressed in the 2014 edition of the mediumterm oil market report mtomr.
Iea monthly oil market report worldwide economic event. However, the rapid rise in output, particularly in the united states, could well outweigh any pickup in demand and begin to push up global oil inventories. Oil 2019, the annual iea outlook for global oil markets, examines the key issues in demand, supply. And i also wear a lot of hats, as someone with my haircut might, and im managing director at clearview energy partners as well. Ieas mediumterm oil market report 2014 wednesday, july 16, 2014 2. Michael koehl, sandrin saile, fraunhofer ise task 39 polymers for solar thermal applications of the international energy agencys solar heating and cooling programme iea shc was a joint endeavor by polymer and solar thermal experts from industry and research. The manner in which the iea and opec make oil price assumptions differs in. The iea report also said that global oil supply hit 97. International energy agency iea monthly oil market report. Imf revisions to 202014 forecast outweighs strongerthanexpected 3q. Progress towards kyoto targets aprilmay of 2014 was the first time that countries officially reported ghg emission data covering the full period from 2008 to 2012.
Underscored by wellsupplied oil markets, and this new period of production management, the oil market report projects the following trends through. The iea produces free monthly statistics with timely and consistent oil, oil price, natural gas and electricity data for all oecd member countries back to 2000. Now exploration is ticking up again, even if the oil price isnt. Oil majors have steadily reduced exploration investment since the 2014 oil price collapse. The iea june monthly oil market report was released today. Oil futures end lower as iea reports a jump in opec output. Iran has said it will raise output by an initial 500,000 bpd. The price of the licence depends on the number of users. The whole of the omr is now graphed from january 2002.
This report provides an assessment of the latest progress, as of june. Eia short term energy outlook steo and iea oil market. Iea oil market report 2017 center for strategic and. Between july and december 2014 alone, the projected oil demand for 2015 has been revised downwards by 0. Indigenous production of crude oil, ngl and feedstocks by oecd region.
Flow definitions supply flow short name definition production indprod refers to the quantities of fuels extracted or produced, calculated after any operation for removal of inert matter or impurities e. The oil market is rebalancing as demand continues to grow, according to the iea. Isbn 9789522657237 paperback isbn 9789522657244 pdf issnl 22433384. This report from the iea contains market analysis and forecasts to 2019 2 pages, isbn 9789264221888, paper 100, pdf 80 from iea. Brent prices fell after the publication of the iea report. It includes over 2000 charts and tables that characterize the demand, supply, oil prices and the activities of oil refineries around the world.
Since its inception in 1983, the iea s 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 international energy agency iea is an autonomous agency established in 1974. The international energy agency, solar heating and cooling programme iea shc released the 2016 edition of its report on the global status of the solar thermal heating and cooling market. By accessing this site, you accept that we process certain information you send e. Through its work, the iea advocates policies that will enhance the. Oil market report december 2019 analysis and key findings. Energy prospectus view topic iea oil market report. The iea hydrogen strategic plan 20202025 and the end of term report 20152020 have been finalized and approved. About iea the iea examines the full spectrum of energy issues including oil, gas and coal supply and demand, renewable energy technologies, electricity markets, energy efficiency, access to energy, demand side management and much more. Oil, refinery margins file direct access to the restricted omr data website from your webstore account subscriptions run over 1 or 2 years a 10% discount is applied on 2year subscriptions, from date to date. Global oil production data are reported monthly in the iea oil market report.
The iea monthly oil data service provides a detailed database of historical and projected information used in preparing the monthly ieas oil market report omr. The iea, the new energy order and the future of global energy governance chapter pdf available january 2015 with 223 reads how we measure reads. Oil price plunge continues as iea forecasts weaker demand. Oil market rebalancing underway but nonopec expansion. The iea said in its december monthly oil report that it was cutting its 2015 demand growth forecast by 230,000 barrels a day to 900,000, partly because of falling output in former soviet countries. The mediumterm coal market report 2014 provides iea forecasts on coal markets for the coming five years as well as an indepth analysis of recent developments in global coal demand, supply and trade. Differences in world liquids demand and supply baselines for 2014 of iea and opec. Octobers world economic outlook trims 20 global gdp outlook to 2. London time should oil prices continue to rise, opec. Introduction to the task 39 info sheets july 2015 pdf 0. The iea oil market report was published in mid april, data from the report can be found here the eias steo was published on may 9, 2017 i assume in the chart above that opec crude output is 32 mbd in the last three quarters of 2017.
The iea released highlights for the december oil market report in mid december. Global economic growth forecast to accelerate in 2014, to. With the world economy slowing, the iea said it had cut its forecast for 2016 opec crude oil demand by 300,000 bpd to 31. Oil 2019, the annual iea outlook for global oil markets, examines the key issues in demand, supply, refining and trade to 2024. Amfi newsletter, december 2014 page 315 general interest eu. Oecdiea 2015 latest oil market update riyadh 16 february 2016. Drop in the number of rigs drilling for oil and huge reductions in exploration and production capital expenditures have been reported as a result of current oil prices. However, this years oil supply prospects became less optimistic. This report, updated monthly, provides data on oil production, imports, exports, refinery outputs, deliveries and stocks for all oecd member countries. 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 report provides a detailed analysis of key developments impacting oil market trends in world oil demand, supply as well as the oil market balance. Global oil and gas upstream capital spending, 20142019. By dennis coyne click to enlarge the iea released highlights for the december oil market report in middecember. Ieas midterm oil market report 2015 expects that 2 mbd of fuel oil would need to be switched to distillate type of fuels, while other sources show even higher switch volume estimates very high switch volume compared longterm distillate growth and fuel oil decline trends.
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