US industry could see second half of 2023 mirror the first
Top oil forecasters and industry signals at odds over market direction
Where will oil demand go in the second half of 2023? It has continued to rise steadily despite repeated predictions of its imminent peak and ultimate demise, but from where will the additional supply be derived? Will US shale again become a swing producer on the global market? And if so, will the member countries of Opec+ be willing to cut their production even further to offset any increase? These are the kinds of questions to which market observers have come to expect answers from the IEA and the US’ EIA. Unfortunately, for anyone looking for considered wisdom on the matter, those two reporting entities—the mandate of which is to compile accurate and useful information and share it with th
Also in this section
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026