Gulf Oil and Gas accountACCOUNT

Balance of Supply and Demand - December 2016

Source: OPEC_RP161212 12/14/2016, Location: Europe

Share |
Demand for OPEC crude in 2016 was unchanged from the previous month to stand at 31.9 mb/d, which is 1.9 mb/d higher than 2015. In 2017, the demand for OPEC crude is projected at 32.6 mb/d, around 0.1 mb/d lower than in the last assessment and 0.7 mb/d higher than this year.

Estimate for 2016
Demand for OPEC crude for 2016 was unchanged from the previous MOMR to stand at 31.9 mb/d, representing an increase of 1.9 mb/d from last year level. Within the quarters, the third quarter was revised up by 0.1 mb/d, while the other quarters remained broadly unchanged. 1Q16 and 2Q16 rose by 1.2 mb/d and 2.4 mb/d, respectively, versus the same quarters last year; 3Q16 and 4Q16 are estimated to show growth of 2.1 mb/d and 1.7 mb/d, respectively.

Forecast for 2017
For 2017, demand for OPEC crude was revised down by 0.1 mb/d from the previous MOMR and is projected to increase by 0.7 mb/d, to average 32.6 mb/d. Within the quarters, 2Q17 was revised down by 0.1 mb/d, while the other quarters remained unchanged. 1Q17 and 2Q17 are expected to increase by 1.3 mb/d and 0.2 mb/d, respectively; 3Q17 and 4Q17 are projected to increase by 0.7 mb/d and 0.6 mb/d, respectively, versus the same quarters this year.

Financials and Investment News in Austria >>

United Kingdom >>  3/29/2017 - InfraStrata plc, the independent gas storage company, announces that following the completion of the placing to raise £810,000 before expenses announc...
Russia >>  3/28/2017 - The Gazprom Board of Directors reviewed the information about the strengthening of the financial discipline with regard to domestic gas supplies and a...

Saudi Arabia >>  3/28/2017 - Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next y...
Austria >>  3/27/2017 - Demand for OPEC crude in 2017 was revised up by 0.2 mb/d from the previous month. Within the quarters, the first and the second quarters were revised ...

Japan >>  3/27/2017 - Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato, “Mizuho FG”), Mizuho Bank, Ltd. (President & CEO: Nobuhide Hayashi, “Mizuho Bank”)...
United States >>  3/27/2017 - API President and CEO Jack Gerard called President Trump’s “Energy Independence” executive order an important step forward in restoring common sense r...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Austria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 |

More News

 

Oil & Gas Companies in Austria >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.