Annual Oil Market Report
Author:
Publisher:
Published: 1990
Total Pages: 106
ISBN-13:
DOWNLOAD EBOOKRead and Download eBook Full
Author:
Publisher:
Published: 1990
Total Pages: 106
ISBN-13:
DOWNLOAD EBOOKAuthor: Agencia Internacional de la Energía
Publisher:
Published: 1984
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKAuthor:
Publisher:
Published: 2019
Total Pages: 146
ISBN-13: 9789264312074
DOWNLOAD EBOOKOil 2019, the International Energy Agency’s annual outlook for global oil markets, examines the key issues in demand, supply, refining and trade to 2024. This year, the report covers the following themes: A changed supply picture led by the rise of the United States inworld markets thanks to rapidly-growing shale oil production, asit becomes a net exporter of crude oil and products. Supply growth in the non-OPEC world, including Brazil, Canada,Norway and Guyana; and a falling capacity for the OPECproducers. Demand growth underpinned by China and India and by thegrowing importance of petrochemicals as the industry invests tomeet rising consumer demand. And a detailed analysis of how the refining industry is grapplingwith the International Maritime Organisation’s new marine fuelrules, growing excess capacity, and the changing patterns ofglobal oil trade.
Author: Mr.Rabah Arezki
Publisher: International Monetary Fund
Published: 2017-01-27
Total Pages: 30
ISBN-13: 1475572360
DOWNLOAD EBOOKThis paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.
Author: Salvatore Carollo
Publisher: John Wiley & Sons
Published: 2011-12-27
Total Pages: 212
ISBN-13: 1119962722
DOWNLOAD EBOOKIt’s a fair bet that most of what you think you know about oil prices is wrong. Despite the massive price fluctuations of the past decade, the received wisdom on the subject has remained fundamentally unchanged since the 1970s. When asked, most people – including politicians, financial analysts and pundits – will respond with a tired litany of reasons ranging from increased Chinese and Indian competition for diminishing resources and tensions in the Middle East, to manipulation by OPEC and exorbitant petrol taxes in the EU. Yet the facts belie these explanations. For instance, what really happened in late 2008 when, in just a few weeks, oil prices plummeted from $144 dollars to $37 dollars a barrel? Did Chinese and Indian demand suddenly dry up? Did Middle East conflicts magically resolve themselves? Did OPEC flood the market with crude? In each case the answer is a definitive no – quite the opposite in fact. Industry expert Salvatore Carollo explains that the truth behind today’s increasingly volatile oil market is that over the past two decades oil prices have come untethered from all classical notions of supply and demand and have transcended any country’s, consortium’s, cartel’s, or corporate entity’s powers to control them. At play is a subtler, more complex game than most analysts realise (or are unwilling to admit to), a very dangerous game involving runaway financial speculation, self-defeating government policymaking and a concerted disinvestment in refinery capacity among the oil majors. In Understanding Oil Prices Carollo identifies the key players in this dangerous game, exploring their competing interests and motivations, their moves and countermoves. Beginning with the 1976 oil embargo and moving through the 1986 Chernobyl incident, the implementation of the US Clean Air Act Amendments of 1990, and the precipitous expansion of the oil futures market since the turn of the century, he traces the vast structural changes which have occurred within the oil industry over the past four decades, identifying their economic, social and geopolitical drivers, and analysing their fallout in the global economy. He explores the oil industry’s decision to scale down refining capacity in the face of increasing demand and the effects of global shortages of petrol, diesel, jet fuel, fuel oil, chemical feedstocks, lubricants and other essential finished products, and describes how, beginning in the year 2000, the oil futures market detached itself almost completely from the crude market, leading to the assetization of oil, and the crippling impact reckless speculation in oil futures has had on the global economy. Finally he proposes new, more sophisticated models that economists and financial analysts can use to make sense of today’s oil market, while offering industry leaders and government policymakers prescriptions for stabilising the market to ensure a relatively steady flow of affordable oil. A concise, authoritative guide to understanding the complex, oft misunderstood oil markets, Understanding Oil Prices is an important resource for energy market participants, commodity traders and investors, as well as business journalists and government policymakers alike.
Author: Michael Grillot
Publisher:
Published: 1983
Total Pages: 164
ISBN-13:
DOWNLOAD EBOOKAuthor: Mohammed Hamdaoui
Publisher: Trends Research & advisory
Published: 2020-01-01
Total Pages: 47
ISBN-13: 9948251121
DOWNLOAD EBOOKThe scale of the socio-economic impact of the Covid-19 pandemic on the global economy has not been witnessed since the Great Depression. Isolation measures, implemented across the globe to contain the virus, confined hundreds of millions of people into their homes, bringing economic activities to a standstill. This crisis has impacted the oil and gas industry in an unprecedented manner. A massive decline in oil demand and a large oversupply, intensified by the price war between Russia and Saudi Arabia, has sent oil prices to levels unseen in decades. While the oil industry has faced several crises that have pushed it to find new ways to conduct business and adapt to changing conditions, the Covid-induced crisis has come when the industry is dealing with increased shareholder activism and intense pressure on the environmental front. Since this is a new phase for the industry, it could also become the catalyst that accelerates the transformation it has started to go through. Oil will continue to play an essential role in the energy mix for many decades. However, oil companies will have to navigate and manage an uncertain future as oil and gas projects will be riskier to develop and consequently require a higher rate of return. They will have to diversify their portfolios and continue shifting toward an integrated business model that embraces the changes caused by the energy transition and the growth in renewable and new technologies.
Author: Mid-continent Oil and Gas Association
Publisher:
Published: 1921
Total Pages: 266
ISBN-13:
DOWNLOAD EBOOK