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Latest Analysis / Short-term Global Oil Service

World Oil Market Report - Products Imbalances & Pressure Points

Published: 29 December, 2023

Highlights:

  • Global product demand will rise by 2.6 mmb/d y-o-y in 2023 and by 1.7 mmb/d in 2024
  • Naphtha: A tale of two halves – Asian naphtha forward curve too optimistic in 1H 2024 but then too pessimistic in 2H
  • Gasoline: Tighter Asian balance suggests forward curve may be too pessimistic; USGC not out of ...

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