SG Commodities Review: Oil
Michael Wittner
2013.03.20
■ Strong growth in Chinese demand is driving 1.1 Mb/d of global consumption growth this year. Total growth in non-OPEC supply, including OPEC NGLs, comes to 1.4 Mb/d, driven by 1.0 Mb/d growth in US liquids output. Saudi Arabia has been cutting proactively and aggressively to balance the market.
Showing posts with label Michael Wittner. Show all posts
Showing posts with label Michael Wittner. Show all posts
Friday, March 22, 2013
Wednesday, November 21, 2012
2013 Outlook Commodities Review: Oil
2013 Outlook
Commodities Review
Oil
Michael Wittner
Key points
■ The outlook for oil market fundamentals is neutral through 2013. With another year of sluggish economic growth expected, global demand growth is forecast at 0.8 Mb/d next year, driven by emerging markets east of Suez.
Commodities Review
Oil
Michael Wittner
Key points
■ The outlook for oil market fundamentals is neutral through 2013. With another year of sluggish economic growth expected, global demand growth is forecast at 0.8 Mb/d next year, driven by emerging markets east of Suez.
Subscribe to:
Posts (Atom)