Friday, May 27, 2022
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • Executive Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • Executive Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

IEA: Oil supply growing in tight market

in News
Pfizer seeks emergency use authorization for novel covid-19 oral antiviral candidate
Share on FacebookShare on Twitter

Tight oil markets seem to be adjusting as the IEA’s November Oil Market Report shows increased supply coming online.

According to the IEA report world oil supply is set to rise by 1.5mb/d over November and December cementing October’s 1.4mb/d rise. Supply growth was led by the US with 400kb/d of the gain followed by Saudi Arabia and Russia, which together would account for a combined 300kb/d gain in line with OPEC targets.

Notably refinery margins rose despite the higher oil prices, driven by “exceptionally tight product markets.” Both gasoline demand and prices were up by almost 50% in October according to the latest US government data. The IEA notes that refinery throughput is expected to stabilize and generally hold flat in 1H22.

The IEA left its oil demand forecasts unchanged since October with 5.5mb/d growth expected for 2021 and 3.4mb/d growth expected for 2022.

Brent oil futures were trading at approximately $81/bbl down from October’s $86/bbl high.

Tags: Movember Oil Market ReportOil supply growingtight market

Related Posts

‘top gun’ could give tom cruise his first-ever $100 million opening
News

‘Top Gun’ Could Give Tom Cruise his First-Ever $100 Million Opening

Carl icahn loses proxy fight with mcdonald’s
News

Carl Icahn Loses Proxy Fight with McDonald’s

Dispute over twitter fake users escalates
News

Twitter Shareholders Sue Elon Musk for Stock Manipulation

Russia’s oil production plunges but revenue climbs
News

Russia’s Oil Production Plunges but Revenue Climbs

Apple raises pay for u. S. Workers to $22 per hour
News

Apple Raises Pay for U.S. Workers to $22 Per Hour

World bank warns on global recession
News

World Bank Warns on Global Recession

Google’s new street view camera will reach remote spots
News

Google’s New Street View Camera Will Reach Remote Spots

Snap’s warning tumble social media stocks
News

Snap’s Warning Tumble Social Media Stocks

Pfizer offers low-cost drugs to poor nations
News

Pfizer Offers Low-Cost Drugs to Poor Nations

Airbnb to exit china as lockdowns restrict tourism
News

Airbnb to Exit China as Lockdowns Restrict Tourism

No Result
View All Result

Recent Posts

  • ‘Top Gun’ Could Give Tom Cruise his First-Ever $100 Million Opening
  • Carl Icahn Loses Proxy Fight with McDonald’s
  • Twitter Shareholders Sue Elon Musk for Stock Manipulation
  • Why Some Regions See Gas Price Surges After a Storm—And Why Others Don’t
  • Russia’s Oil Production Plunges but Revenue Climbs

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Executive Interviews
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    CEO Latin America | ES

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

     

    AUSTIN

    600, Congress Avenue 14th Floor
    Austin, TX.
    78701
    USA
    +1 512 649 0340

    NEW YORK

    387 Park Ave South,
    New York, NY.
    10016
    USA
    +1 212 796 64 15

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • Executive Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Are you sure want to unlock this post?
    Unlock left : 0
    Are you sure want to cancel subscription?