Oil medium-term markert report 2015.
The recent oil market sell-off, brought on by deep imbalances after years of record-high prices, will likely prove a milestone in the history of oil. However prices eventually evolve, markets may never be the same. This edition of the Medium-Term Oil Market Report sizes up the magnitude of this tr...
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
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[Paris, France] :
OECD
2015.
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| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009706210406719 |
Tabla de Contenidos:
- MEDIUM-TERM OIL MARKET REPORT 2015 ; FOREWORD; ACKNOWLEDGEMENTS; TABLE OF CONTENTS; EXECUTIVE SUMMARY; Prices; Demand; Bunkers; Supply; Biofuels; Crude and product trade; Refining and product supply; 1. DEMAND; Summary; Overview; OECD demand; Non-OECD demand: lower oil prices provide only modest support; Sea change in retail pricing; Communication goes virtual rather than physical; Fuel switch and efficiency; China shifts gears; The changing demand barrel; Slowing pace of dieselisation; Changes in marine transportation and the distillate outlook; 2. SUPPLY; Summary
- A new chapter in oil supplyOPEC's diverging supply paths; OPEC gas liquids supply; Non-OPEC supply growth weakens on lower oil prices; North America remains backbone of non-OPEC growth; Russia is the biggest casualty of the price fall; Brazil encounters project delays, low oil prices; Mexico sees marginal growth; North Sea suffers setback; Caspian growth elusive; Asian projects already underway deliver; Political strife clouds outlook in Africa/Middle East; Biofuels supply; Regional outlook; Advanced biofuels; 3. CRUDE TRADE; Summary; Overview and methodology; Regional developments
- Exports from OECD Americas seen rising to 1.0 mb/d by 2020European imports to steadily decline; OECD Asia Oceania to diversity crude imports; End in sight for the Asian premium?; Middle East to fight for market share, Iran a wild card; Supply constraints to curb FSU shipments; African exports to be squeezed; Demand growth and refinery expansion to curb Latin American exports; 4. REFINING AND PRODUCT SUPPLY; Summary; Refinery capacity surplus bounces back after dip; Wave of new capacity coming on-stream in the non-OECD; Non-OECD Asia continues to lead growth
- Modest growth expected in the non-OECD AmericasAfrican downstream to enter the major league?; Russian tax law signed into law: delay sees runs maintained in near term; More OECD closures in the cards; OECD Americas: surging LTO, condensate supply drive expansion; European refiners invest to survive; OECD Asia refinery consolidation continues apace; Product supply balances; Light distillates markets remain well supplied; Middle distillates to remain refinery mainstay through 2020; Fuel oil collapse as bunkers switch to lower sulphur fuels; 5. SEA CHANGE IN BUNKER FUELS; Summary; Overview
- Bunker demand today and tomorrowBridging the gap in vessel emission rules; Options for meeting new emission standards; On-board abatement technology; Marine gasoil; LNG; Enforcement issues; Industry response; Impacts upon the product supply chain; 6. TABLES
