The opec monthly oil market report momr covers major issues affecting the world oil. The global oil market environment has changed substantially over the past year with oil prices dropping by close to 50 percent. Oecd ilibrary mediumterm oil market report nordic ilibrary. Mediumterm oil market report 2015 analysis and key findings. This report is published during one of the most fascinating periods in oil market history. Global implications of lower oil prices international monetary fund. Meanwhile, taxing energy or, from a climate point of view. The iea believes that the recent imbalances in the product market have had a significant knockon effect on oil market volatility and outright prices. While in the medium to longer term post2015, investment in coal and. Each one of its sections unveils a world that is at once familiar and oddly different from todays reality. Since its inception in 1983, the ieas oil market report omr has become recognised as one of the worlds most authoritative and timely sources of data, forecasts and analysis on the global oil market including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for oecd and selected nonoecd countries. An overview on royalties and similar taxes deloitte. Low oil prices offer welcome shortterm economic relief for consumers, but medium and longterm.
Mediumterm oil market report 2015 international energy agency the recent oil market sell. Baumeister and kilian 2015 report that more than half of the oil price. The oil market in the age of shale oil european central bank. Based on historical experience, the large oil price decline is expected to affect the macroeconomy and the financial sector. Mediumterm oil market report the wall street journal.
It is not just oil price signals that have changed, but also the market s responsiveness to them. The global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 84 countries and also provides a directory of ey oil and gas tax contacts. This edition of the mediumterm oil market report sizes up the magnitude of. Oil price, fuel taxes and subsidies, fiscal vulnerabilities, external. Over the past decades, high fuel taxes and costconscious.
The interaction of these opposing effects on gas markets is examined in the iea mediumterm gas market report 2015, which provides a detailed analysis of global demand, supply and trade developments through 2020. Notwithstanding the drop of oil price in the second half of 2015, rinas tic market grew in the oil and gas sector by over 70 per cent in revenues, particularly in the upstream and midstream business sectors, thanks to the creation of our new usa energy hub following the acquisition of qic, a leading american tic company. Material changes 1 updated oil and gas industry overview, irm 4. Foreword mediumterm oil market report 2014 3 foreword this edition of the mediumterm oil market report can best be seen as a guide to that uncharted territory, tomorrows oil market and industry. The content is based on information current to 1 january2015, unless otherwise indicated in the text of the chapter. However prices eventually evolve, markets may never be the same. The report provides a detailed analysis of key developments impacting oil market. Oil market report dated 11 may 2007, a change on this scale would necessitate additional investment in upgrading capacity far above those that are currently forecast. Sitemap data policy disclaimer terms and conditions warning. The impact on global gas markets of russias strategic shift in its gas export policy and the rising tide of liquefied natural gas. See mediumterm oil market report 2014, international energy agency, paris, 2014.
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