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Oil Medium-Term Market Report

Oil Medium-Term Market Report

Full Title: Oil Medium-Term Market Report: Market Analysis and Forecasts to 2019
Author(s): International Energy Agency
Publisher(s): International Energy Agency
Publication Date: January 1, 2014
Full Text: Download Resource
Description (excerpt):

While the non-conventional supply revolution that is reshaping the oil market and industry has been widely recognised as a game changer, this transformation is playing out in unexpected ways and against an evolving backdrop. How long will the rise in US tight oil and Canadian oil sands last and where will it leave North American oil production at the end of the decade? Will other countries have managed to replicate the US success by then? Will OPEC producers need to “make room” for this new supply, or will political disruptions in the Middle East and North Africa go on or even worsen? Will the new supply fuel demand growth, compounding the impact of the cyclical recovery evident since the end the Great Recession continue, or will sustained high oil prices cause it to decelerate and bring a “peak” in oil consumption? How will the shifts in global refining capacity, brought about in part – but not only – by the North American supply revolution, affect the way products are delivered to consumers? These are some of the questions that this edition of the Medium-Term Oil Market Report (MTOMR) seeks to answer.

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