Global Oil Market Overview

August 2008
Argentina Oil & Gas Report;Q3 2008, p14
Industry Profile
The article provides an overview of the performance of global oil market worldwide as of the year 2008. The effect of supply and demand fundamentals on the director of crude prices, the over-dependence of OPEC as a crude supplier, and the adverse impact of increasing oil price on global economic growth have allegedly hurt market observers as of the second quarter of the year. Changes to driving patterns and vehicle ownership are likewise expected in the years to come.


Related Articles

  • Executive Summary.  // Libya Oil & Gas Report;Q3 2011, Issue 3, p7 

    The article focuses on the forecasts regarding the oil and gas infrastructure in Libya. It states that the African regional oil demand will account to 6.11% in 2015. It says that the global demand growth will reach 1.53% while the supply growth will account to 1.91%. Moreover, the Organization...

  • Oil Price Outlook.  // Venezuela Oil & Gas Report;Q1 2008, p16 

    The article presents an outlook for oil prices in the world market through 2011. The oil price forecast would be influenced greatly by non-OPEC oil supply trends. Demand could be undermined by macro-economic trends and supply could increase more rapidly. OPEC is assuming non-OPEC production...

  • Opec can take long-term view.  // MEED: Middle East Economic Digest;3/13/2009, Vol. 53 Issue 11, p6 

    The article comments on the issues that need to be considered by the Organization of Petroleum Exporting Countries (OPEC) before reducing oil production to increase demand. It is opined that collapsing oil demand in 2009 may hurt OPEC members in the short term, but they will reap the benefits if...

  • OIL MARKET OUTLOOK.  // Africa Monitor: North Africa Monitor;Feb2005, Vol. 10 Issue 2, p1 

    This article reports that the price of the OPEC basket fell sharply from its high of US$46/b in late October, ending the year just over US$36/b. The fall was attributable to over-supply in the market which allowed unseasonal stockbuild. The market will tighten again in 2005, as OPEC cuts output,...

  • Oil Price Outlook.  // Egypt Oil & Gas Report;Q3 2007, p13 

    The article presents the business outlook in the oil market of Egypt. Oil price risks are increasing due to supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and the reduction of the gasoline availability and supply in Nigeria, as well as with the unbalanced oil supply...

  • Global Oil Market Overview.  // Algeria Oil & Gas Report;Q2 2008, p13 

    The article presents an overview of the global oil market as of the third quarter of 2008. The authors reiterate their views in December 2007 that the Organisation of the Petroleum Exporting Countries (OPEC) capacity is edging higher and that the demand remains under threat from an uncertain...

  • Oil And Gas Outlook: Long-Term Forecasts.  // Russia Oil & Gas Report;Q4 2010, p126 

    The article presents forecasts regarding the demand, supply and refining capacity of oil and gas in Europe by the Consortium of Energy Efficiency (CEE). It says that the Azerbaijan leads the 83.9% oil demand followed by Uzbekistan and Turkmenistan. It mentions that the Kazakhstan is the biggest...

  • Current Account Boom Set To Continue.  // Middle East Monitor: The Gulf;Jun2006, Vol. 16 Issue 6, p2 

    The article focuses on the economic forecast of the petroleum-export industry in Saudi Arabia. The petroleum industry in the country is projected to have reached the revenue of 100 billion dollars in 2006. Trade balance and current account surplus of the country have risen as a result of the...

  • Global Oil Market Outlook Q110.  // Venezuela Oil & Gas Report;Q2 2010, p13 

    The article presents an outlook for the global oil market for the first quarter of 2010. It mentions the stabilization of demand estimates for 2010 and the Organization of Petroleum Exporting Countries' (OPEC) retention of its existing production ceiling and its call for improved quota...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics