Oil Markets

A Wild Winter, Calmer Spring

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Oil markets face potential volatility this winter as fuel switching and cold weather pressure product markets. We see possible price spikes into the $90s, before markets settle back from January as seasonal demand eases. Renewed demand growth in mid-2022 could firm prices again, especially if Opec-plus constraints limit incremental supply, according to our forecast.

Oil Prices, Oil Demand, Oil Supply, Oil Forecasts, Oil Products, Oil Inventories, Oil Trade, Crude Oil, Oil Futures and Derivatives, Jet Fuel, Opec-Plus Supply
Wanda Ad #2 (article footer)
Additional Saudi cuts are keeping second-half oil balances firm and sustaining stockdraws. But Chinese demand remains the key wild card in an uncertain macroeconomic environment.
Thu, Aug 31, 2023
China's August oil demand picked up slightly from a five-month low in July. January-August oil demand rose 13% versus the same period of 2022.
Mon, Sep 25, 2023
Russia's draft budget and energy industry forecasts project an image of resilience against the backdrop of the war in Ukraine and Western sanctions.
Mon, Sep 25, 2023