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Global Oil Market: What Prices Should One Expect?

  • ID: 4615169
  • Report
  • July 2018
  • Region: Global
  • 100 pages
  • National Energy Security Fund
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Many are afraid of volatility on the oil market. Now prices very quickly recoil to 30 dollars per barrel, now they push the 80 dollar mark. Total chaos dominates forecasts by leading Western analysts. Some predict prices at 100, while others their forthcoming collapse.

Who is right?

NESF has also decided to ask the one-billion-dollar question: how much oil will cost and what factors influence oil prices in reality.

From the new research paper you will learn:

What has a stronger influence on prices: the physical oil market or speculative factors

  • Which of them should be paid maximum attention to

How the OPEC+ deal works

  • Why the Saudis needed it
  • Whether the deal has achieved its aim of reducing oil stores
  • How speculators react to news about the deal

Demand for oil and petroleum products

  • Demand dynamics and regional structure
  • How demand for oil in a country should be counted and what pitfalls exist here
  • Analysis of the domestic market in the US and in China, the largest users of oil

Difficulties of statistical analysis

  • Why everyone evaluates the current situation on the global market differently

What one is to expect from America

  • How oil production in the US will change and how this will affect global prices
  • Manipulation of WTI prices

Saudi Arabia’s strategies

Russia’s strategies

  • Whether there should be withdrawal from the OPEC+ deal
  • What prices should one get ready for

A medium-term forecast of developments

Note: Product cover images may vary from those shown
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Introduction. Factors affecting oil market pricing    
Stored oil reserves: formal criterion of achieving OPEC+ deal objective    
Demand for oil: global trend or statistical speculation?    

  • Current demand data and historic changes in forecasts. Structure of demand for petroleum products: market expectations

What country demand for oil is: difference in calculation methodology shown using examples of US and Chinese oil balances    

  • Refining margins as missing factor in demand/supply models

Supply side: difference in methodology or manipulation of market?    
US shale oil production as a result of fashion for petrodollars. Evaluation of american independent operators’ viability    
Formal contribution of cartel to OPEC+ deal    
Change of maximum production capacity in OPEC countries    
OPEC export policy: who is the real market maker?    

  • Dynamics of export from OPEC & non-OPEC countries: how oil supply to physical market changed
  • Saudi Arabia’s invariably leading role on oil market
  • Balances aside: mechanisms of real fight for key markets

Speculators in market: how critical situation is    
Medium-term forecast of developments. What is in store for OPEC+ deal?    
Appendix 1: profit/loss from storing oil in tankers under circumstances of contango in 2015-2017    
Appendix 2: US crude oil export and import by locations    
Appendix 3: structure of crude oil import into China    
Appendix 4: classification of crudes by quality    
Unit conversion table    

Note: Product cover images may vary from those shown
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All materials and sources used for issuing each report are thoroughly verified and analyzed by experts. The information is based on industry statistics, data of oil and gas companies, information of federal and regional mass-media, materials of conferences and round tables.

The analyst has pored on the following goals:

  • Analyses of oil & gas and power industries, political risks within the energy sector, geopolitical problems in connection with the production of hydrocarbons and their supply to the global market, strategic development of companies, new production and transportation projects
  • Consulting on the influence of political factors on the oil & gas business, decision-making within Russian energy companies and government bodies dealing with the energy industry
  • Development of energy business concepts in Russia
  • PR services for oil & gas corporations
  • Analysis of images and reputations of energy corporations