Forecast for 2015 Balance of Supply and Demand - July 15
Source: OPEC 7/26/2015, Location: Europe
Demand for OPEC crude for 2015 was revised down by 0.1 mb/d from the previous report. Within the year’s quarters, the 1Q was revised down by 0.1 mb/d, while the 2Q remained unchanged. The 3Q and 4Q were revised down both by 0.2 mb/d from the previous report. These adjustments were driven by the upward revision in non-OPEC supply, outpacing the upward adjustment in global demand.
The demand for OPEC crude is estimated at 30.1 mb/d in 2015, representing an increase of 0.2 mb/d from last year’s level. The 1Q is estimated to fall by 0.8 mb/d, while the 2Q is estimated to remain unchanged. In contrast, the 3Q and 4Q quarters are expected to see growth of 0.5 mb/ and 1.5 mb/d versus the same quarter last year.
The demand for OPEC crude is estimated at 30.1 mb/d in 2015, representing an increase of 0.2 mb/d from last year’s level. The 1Q is estimated to fall by 0.8 mb/d, while the 2Q is estimated to remain unchanged. In contrast, the 3Q and 4Q quarters are expected to see growth of 0.5 mb/ and 1.5 mb/d versus the same quarter last year.
Canada >> 1/17/2025 - Hydro One Limited (TSX: H), the largest electric transmission and distribution utility in Ontario, plans to release its fourth quarter financial resul...
Canada >> 1/17/2025 - PetroTal Corp. ("PetroTal") (TSX: TAL, AIM: PTAL and OTCQX: PTALF) announces the issuance of Common Shares to employees pursuant to its Performance Sh...
Canada >> 1/17/2025 - PetroTal Corp. ("PetroTal") (TSX: TAL, AIM: PTAL and OTCQX: PTALF), announces that, in accordance with the terms of its share buyback programme announ...
Canada >> 1/17/2025 - On November 4, 2024 Gran Tierra Energy Inc. ("Gran Tierra") announced a normal course issuer bid (the "NCIB") through the facilities of the Toronto St...
China >> 1/17/2025 - Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, announced th...
China >> 1/17/2025 - JinkoSolar Holding Co., Ltd. ("JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announc...
Related Categories:
Accounting, Statistics
Acquisitions and Divestitures
Asset Portfolio Management
Economics/Financial Analysis
General
Industrial Development
Insurance
Investment
Mergers and Acquisitions
Risk Management
Related Articles: Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Industrial Development Insurance Investment Mergers and Acquisitions Risk Management
Related Articles: Accounting, Statistics Acquisitions and Divestitures Asset Portfolio Management Economics/Financial Analysis General Industrial Development Insurance Investment Mergers and Acquisitions Risk Management
More News
BP p.l.c. Announces Transaction in Own Shares
Gran Tierra Energy Announces Transaction in Own Shares
BP PLC Announces Director/PDMR Shareholding
John Wood Group plc Announces Director/PDMR Shareholding
ITM Power PLC Announces Notice of Interim Results and Presentation
PetroTal Corp Announces Transaction in Own Shares
Shell Announces Transaction in Own Shares
PetroTal Announces PSU Share Issuance and Total Voting Rights
Related Links
Caspian Oil Supply - July 2015
US Stock Movements - July 2015
China Oil Trade -July 2015
Latin America Oil Supply - July 2015
Mergers and Acquisitions
Acquisitions and Divestitures
Events
Risk Management
Investment
Asset Portfolio Management
Executive Recruiting
Sourcing & Procurement
Economics/Financial Analysis
Project & Resource Management
Accounting, Statistics
