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Latest Analysis / Short-term Global Oil Service

World Oil Market Report - Products Imbalances & Pressure Points

Published: 6 November, 2023

Highlights:

  • Global product demand will rise by 2.5 mmb/d y-o-y in 2023 and by 1.6 mmb/d in 2024
  • Naphtha: Deep discounts to continue in 2024, though we are still more optimistic than the forward curve
  • Gasoline: Demand growth to slow significantly in 2024 as China nears peak demand
  • Jet/Kero: Extra winter kero bid ...

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