Global Oil and Gas Report - Business Monitor International - Industry Reports

Global Oil and Gas Report

Global Oil and Gas Report - Business Monitor International - Industry Reports
Global Oil and Gas Report
Published Oct 08, 2016
62 pages — Published Oct 08, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

...Source: National Sources, BMI Key global market trends this quarter include: Heavy decline rates are being realised outside across large oil producers, with the burden of rebalancing oil markets switching from the stabilising US to major producers such as China, Mexico and Venezuela. ...Source: National Sources, BMI Key global market trends this quarter include: Heavy decline rates are being realised outside across large oil producers, with the burden of rebalancing oil markets switching from the stabilising US to major producers such as China, Mexico and Venezuela. Mega project final investment decisions are being focused on lower cost barrel developments, either with substantial resource size or a low-cost infrastructure solution. ...North America and Africa are the front-runners for new LNG capacity to serve post----- demand. Key strategic targets for oil majors include increasing the percentage of gas in the portfolio, progressing with only the lowest cost barrels and greater specialisation in the downstream.

...*Russia consumption = aggregation of LPG, gasoline, diesel and fuel oil. Source: JODI, Russian Department of Energy On the other side, both Russia and Brazil, which continue to struggle with recession into ----, have seen fuels demand weaken or stagnate. Both countries are suffering from the effects of lower oil prices and high inflation, which has pressured consumer demand for gasoline and industrial demand for diesel and fuel oil. Outlook: We have taken into account the most recent consumption trends in fuels in major markets and for ---- we forecast global oil demand to grow by -.- , compared to -.- in ----, therefore still anticipating a drag on growth. OECD oil consumption will grow by -.- and non-OECD by -.- according to our forecasts. ...Outlook: We have taken into account the most recent consumption trends in fuels in major markets and for ---- we forecast global oil demand to grow by -.- , compared to -.- in ----, therefore still anticipating a drag on growth. OECD oil consumption will grow by -.- and non-OECD by -.- according to our forecasts.

...BMI View: The surplus that has built in the crude oil markets will spill over into the fuels market as refiners have increased throughputs to capture the high crack spreads. Year-to-date oil prices have averaged slightly over USD-- per barrel (/bbl), almost USD--/bbl lower than the same period in ----. ...Year-to-date oil prices have averaged slightly over USD-- per barrel (/bbl), almost USD--/bbl lower than the same period in ----. Despite lower feedstock prices, refining margins in Europe and the US have averaged lower than the same period last year, which should be supportive of lower fuels production. This has been most apparent in the US, where the removal of the crude oil export ban in December ---- has eroded the discount in WTI to Brent, and a warm winter saw weak distillate fuel consumption. ...

  
Source:
Document ID
2398-077X
Industry
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PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Global Oil and Gas Report" Oct 08, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Global-Oil-and-Gas-Report-2026-1947>
  
APA:
Business Monitor International - Industry Reports. (2016). Global Oil and Gas Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Global-Oil-and-Gas-Report-2026-1947>
  
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