Medium-term oil market report 2015 pdf military

The expectation for stronger economic growth and lower oil and gas prices provides some support for demand, even though the improvement falls short of forecasts made in earlier versions of this report. The oil market report is published every month and includes. Mediumterm oil market report 2015 analysis and key findings. For instance, while the middle east can meet its current. The end of quantitative easing by the federal reserve, an oil market. Feb 24, 2016 the 2015 edition of the mediumterm coal market report debuts a chinese peak coal case, which explores the factors that could cause coal use in china to enter a structural decline, and. To tease out the underlying trends, this analysis employs a range of data sources and.

Not only are oil prices cyclical, but the geopolitics of oil are linked inexorably. The reports release will be closely watched by traders searching for any signs of if and when oil markets will. According to the mtomr, the recent crash in oil prices will cause the oil. In midapril of 2015, the yemeni army ceded control of a group of oil. The imf in its world economic outlook october 2015 reduced its 2015 estimate to 3. Based on information available at the time of these discussions, the staff report was completed on march 10, 2015.

Oil, refinery margins file direct access to the restricted omr data website from your webstore account. We will keep on being a victim to shifts in the oil market until we get serious about a longterm policy. The unconventional oil and gas revolution and the us. Iea oil market report 2017 center for strategic and international. Last week, the iea reported that global oil market is likely to show surplus in first half of 2018, as rising us supply offsets opecs discipline in maintaining its production cuts for whole of next year. Oil production by volume, thousands of barrels per day source. 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. Cybersecurity data governance intelligence, surveillance, and privacy military technology space. With returns to the defined benefit plans and total return fund of 3.

And as expenditures outpace revenues even further in the last three months of 2016, the end of the year deficit is expected to grow to 3. In its 2014 medium term gas market report, the international energy agency projected that chinese demand for natural gas will nearly double by 2019 to 315 bcm, offsetting a slight slowdown of demand growth in other regions. In europe, the urals medium sour crude discount to brent flipped into a significant premium. The strategic importance of the global oil market jstor.

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. 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. Sandra coleman international energy agency bp 58675726 paris cedex 15, france tel. The world investment forum 2020 will bring all stakeholders together to explore ways and means to. Iea energy efficiency market report 2015 international energy agency. The falling global oil prices since september 2014 were translated into lowered transport costs in january 2015 with transport price inflation falling from 19. Guy caruso, senior adviser with the csis energy and national security program, will moderate. The outlook for oil demand, supply and refining through 2020. 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. Our historical analysis of the impact of regional wars on long term oil market trends would. It is not just oil price signals that have changed, but also the market s responsiveness to them. This edition of the mediumterm oil market report sizes up the magnitude of. Chinas oil demand will remain influential even as the global market. As the supply revolution enters a new phase, oils role in the global energy mix is being redefined.

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 leading oil market report since 1983, with the. Ieas recently released medium term oil market report. Flagship report the biggest shock to the global energy system in more than seven decades. 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 personal disposable income has been rising at a cagr of 5.

Oil 2020 examines the key issues in demand, supply, refining and trade to 2025. With the fifthlargest proved crude oil deposits, iraq is a major oil producer and exporter of crude oil. This paper will describe the iraqi oil sector developments under the twin shock and discuss its impact on oil sector growth prospects in the short and medium term. The unconventional oil and gas revolution and the us economy, englewood, co, october. The iea believes that the recent imbalances in the product market have had a significant knockon effect on oil market volatility and outright prices. Overview of fiscal year 2015 it was a tepid and below average year. The decline in oil prices in 2015 and 2016 and the isis insurgency have contributed to a sharp deterioration of economic activity and have rapidly. Monetary policies moved to the forefront of the economic analysis in have weeks. Furthermore, due to the expansion in fiscal and monetary policies, private consumption is expected to expand in the future, though with less pace. Congress considers policies that can affect the world oil market. Iea oil market report 6 0 5 10 15 20 25 apr 11 aug 11 dec 11 apr 12 aug 12 dec 12 twh japan. Oil markets outlook positive, but no crude shock in medium term. 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. Dec 21, 2016 the iraq crisis is becoming a protracted and an ongoing conflict.

According to data from beijing gas group company, coaltogas substitution resulted in 2 bcm of additional gas consumption in 2015, of which 1. The international energy agency works with countries around the world to shape energy policies for a secure and sustainable future. However prices eventually evolve, markets may never be the same. The csis energy and national security program is pleased to host antoine halff, head of the oil industry and markets division at the international energy agency, to present the ieas 2015 medium term oil market report mtomr. Opec and strategic questions in the oil market the massive expansion of shale oil extraction in the us marked the beginning of a global glut in the petroleum markets. The world bank report of 1 october 2016 said iraqi economy is facing severe and pressing challenges. The oecd, in its december 2015 economic outlook, was more pessimistic expecting 2. Download the report 2015 oil and gas reality check deloitte. International armoured vehicles xv 2629 january 2014 london, uk register today. Mediumterm oil market report 2016 linkedin slideshare. Mediumterm oil market report 2016 summary supply chain.

Mediumterm oil market report 2015 international energy agency the recent oil market sell. Market analysis and forecasts to 2020, international energy agency, 2015, 41. Kenji kobayashi, whose guidance and support contributed signi. 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. Mtomr 2015 released early february 2015 was one of the first. The mid the past december decision by the fedus eral reserveto raise interest rates by 0.

The staff report prepared by a staff team of the imf, for executive boards consideration on march 30, 2015, following discussions that ended on january 29, 2015, with the officials of thailand on economic developments and policies. Iea 2015, oil, medium term market report, international energy agency, paris. Meeting these energy needs will continue to be a critical challenge for the chinese government. France, for instance, began moving in mid2015 to retract diesel. The international energy assocations mediumterm oil market. In terms of days of forward cover, oecd commercial. The washington debut of the oil market report with keisuke. Support to internally displaced people and their hosts in. Jan 12, 2015 global armoured vehicles market report 2015 1. Recent monetary policies and their impact on the oil market.

This is because expenditure cuts only partly compensated for the revenue shortfall from the oil price shock. International energy agencys mediumterm oil market report 2015. Global trends in food and nonfood products have had a strong pass through on inflation in 2014. Medium term gas market report mtgmr 2015 forecasts that global gas demand will reaccelerate following a marked slowdown in both 20 and 2014.

It referred to the world adjusting to lower commodity prices. This special report looks at the forces shaping the asean region in 2015, most notably the effect of falling oil prices, along with indepth views of two countries thailand and indonesia which are both facing unique challenges on the road to becoming economic powerhouses. It is not just oil price signals that have changed, but also the markets responsiveness to them. The helicopter industry is worth approximately usd230 billion on a tenyear basis and consists of a limited number of manufacturers oems, six of which cover roughly 54% of the market in terms of the number of aircraft and 64% in terms of revenue sikorsky aircraft, airbus helicopters, bell helicopter, agustawestland, nh industries and boeing rotorcraft systems. Market study highlights economic and demographic trends. Jul 16, 2014 these are just some of the questions addressed in the 2014 edition of the medium term oil market report mtomr, making the 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. This year, the report considers topics such as the impact of the new coronavirus covid19 on demand. This is just one of many factors raising the pressure on opec and other producers. Business and governments are increasingly putting sustainability at the core of their activities. Orders and subscription enquiries oil market report subscriptions attn. London iea releases its mediumterm oil market report 2015. Mediumterm gas market report 2015 executive summary. The iea oil market division would like to thank mr. Dec 18, 2017 oil prices, however, have been on an uptrend after the forties pipeline outage in north sea and ongoing opec led production cuts.