Details

Autor(en) / Beteiligte

• Organisation for Economic Co-operation and Development,

Titel

Oil medium-term markert report 2015

Ort / Verlag

[Paris, France] : OECD,

Erscheinungsjahr

2015

Link zum Volltext

• OECD iLibrary

Beschreibungen/Notizen

• Description based upon print version of record.
• 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
• 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 transformation so far and sketches the oil landscape at the 2020 horizon. It is not just oil price signals that have changed, but also the market's responsiveness to them. On the supply side, this Report's forecast reflects not just lower price assumptions, but also the high price-sensitivity of US li
• English
• Description based on online resource; title from PDF title page (ebrary, viewed April 15, 2015).