Five key takeaways from the big three oil market reports
Demand and supply data still diverge, Venezuela’s increasingly critical to balances, and some macro alarm bells are starting to ring
Opec, the International Energy Agency and the Energy Information Administration simply don't agree on the state of the oil market's balance. Tight oil's recent surge has thrown a spanner in all their works. But some nuggets in the data are worth drawing out—they might be decisive over the coming months. 1. Demand is strong, but the agencies don't agree how strong…The IEA upped its forecast for 2018 a bit, to 1.5m barrels a day, a reflection of strong macro-economic data. Opec increased its forecast slightly to 1.6m b/d. Among these three, the EIA is most bullish, expecting 1.8m b/d of growth. What's startling in the detail, though, is when they think consumption will happen. Both Opec and th
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
