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Latest Analysis / Short-term Global Oil Service

World Oil Market Report - Products Imbalances & Pressure Points

Published: 5 December, 2023

Highlights:

  • Global product demand will rise by 2.6 mmb/d y-o-y in 2023 and by 1.4 mmb/d in 2024.
  • Naphtha: Near-term forward curve looks too optimistic
  • Gasoline: 2024 set to be weaker, but Asia holds up relatively better than its Atlantic Basin peers
  • Jet/Kero: Unsustainable regrade strength more a reflection of ...

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