GLOBAL OIL RECAP AND BALANCES | May 16, 2022

May 2022

The table below shows implied stock changes for 2Q22-4Q23 based on assumptions of: 1)     OPEC participants’ target crude output under the current agreement, increasing +0.254 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022, and keep at September 2022 level through the forecast period. 2)     Exempted 3 countries: maintain April Iranian and Venezuelan output for the forecast period. For Libya, assuming 1.02 mb/d in 2Q22 and 1.1 mb/d in 2H.....


GLOBAL OIL RECAP AND BALANCES | April 14, 2022

April 2022

The table below shows implied stock changes for 2Q22-4Q23 based on assumptions of: 1) OPEC participants’ target crude output under the current agreement, increasing +0.254 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022, and keep at September 2022 level through the forecast period. 2) Exempted 3 countries: maintain March output for the forecast period. Please find below the link to this month's Global Oil Recap and Balances Report , whic.....


MARKET INSIGHT | March 25, 2022

European Gas Coverage and US' NG Pledge to the EU

NEW PRODUCT! European Natural Gas Flows and Storage What to Expect from President Biden’s Visit to Europe - a Case for Natural Gas LCMC is launching its European natural gas coverage starting with regional flow and storage models. Today's data stats are accompanied by a two-part commentary. The first part focuses on the US-EU meetings taking place in Europe this week. The write-up speculates on a list of topics in natural gas supply security that was likely discussed among the allies and may be .....


GLOBAL OIL RECAP AND BALANCES | March 16, 2022

March 2022

The table below shows implied stock changes for 1Q22-4Q23 based on assumptions of: 1) OPEC participants’ target crude output under the current agreement, increasing +0.254 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022, and keep at September 2022 level through the forecast period. 2) Exempted 3 countries: maintain February output for the forecast period of March 2022-December 2022. Please find below the link to this month's Global Oil R.....


GLOBAL OIL RECAP AND BALANCES | February 11, 2022

February 2022

The table below shows implied stock changes for 1Q22-4Q23 based on assumptions of: 1) OPEC participants’ target crude output under the current agreement, increasing +0.254 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022, and keep at September 2022 level through the forecast period. 2) Exempted 3 countries: maintain December output for the forecast period of February 2022-December 2023. Please find below the link to this month's Global Oi.....


GLOBAL OIL RECAP AND BALANCES | January 24, 2022

January 2022

The table below shows implied stock changes for 4Q21-4Q23 based on assumptions of: 1)     OPEC participants’ target crude output under the current agreement, increasing +0.253 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022, and keep at September 2022 level through the forecast period. 2)     Exempted 3 countries: Iran and Venezuela maintain December output and Libya keeps November 2021 level through the forecast period Please find below .....


GLOBAL OIL RECAP AND BALANCES | December 14, 2021

December 2021

The table below shows implied stock changes for 4Q21-4Q22 based on assumptions of: 1)     OPEC participants’ target crude output under the current agreement, increasing +0.253 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022; 2)     Exempted 3 countries maintain October output through the forecast period Please find below the link to this month's Global Oil Recap and Balances Report , which provides summaries for the latest monthly oil re.....


GLOBAL OIL RECAP AND BALANCES | November 17, 2021

November 2021

The table below shows implied stock changes for 4Q21-4Q22 based on assumptions of: 1)     OPEC participants’ target crude output under the current agreement, increasing +0.253 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022; 2)     Exempted 3 countries maintain October output through the forecast period Please find below the link to this month's Global Oil Recap and Balances Report , which provides summaries for the latest monthly oil re.....


GLOBAL OIL RECAP AND BALANCES | October 14, 2021

October 2021

The table below shows IEA, OPEC and EIA’s implied stock changes for 4Q21-4Q22 based on: 1) OPEC participants’ target crude output under the current agreement, increasing +0.26 mb/d every month (at 100% compliance) from August 2021 until it unwinds all supply cuts by September 2022; 2) Exempted 3 countries maintain September output through the forecast period Please find below the link to this month's Global Oil Recap and Balances Report , which provides summaries for the latest monthly oil rep.....


GLOBAL OIL RECAP AND BALANCES | August 18, 2021

August 2021

The table below shows IEA, OPEC and EIA’s implied stock changes for 3Q21-4Q22 based on our OPEC or OPEC+ crude output assumptions:: Please find below the link to this month's Global Oil Recap and Balances Report , which provides summaries for the latest monthly oil reports published by the IEA, OPEC and the EIA.