Medium-Term Oil Market Report 2 - International Energy Agency

MEDIUM-TERM OIL MARKET REPORT 2014......Page 1
FOREWORD......Page 5
ACKNOWLEDGEMENTS......Page 6
TABLE OF CONTENTS......Page 7
EXECUTIVE SUMMARY......Page 13
The non-conventional supply revolution enters a new phase......Page 15
OPEC supply goes through rough air......Page 16
The policy ground is shifting under the biofuel industry......Page 17
An inflexion point in demand growth......Page 18
OPEC spare production capacity may be lower than it appears......Page 20
In crude trade, all roads lead to Asia......Page 21
The refining industry enters the age of globalisation......Page 22
Key policy outcomes loom large in the medium term......Page 24
Other market-related medium-term developments......Page 25
Summary......Page 26
Overview......Page 27
OECD......Page 30
Americas......Page 31
Asia Oceania......Page 32
Non-OECD......Page 33
Asia......Page 36
Middle East......Page 38
Latin America......Page 42
Former Soviet Union......Page 43
Non-OECD Europe......Page 44
Transport sector......Page 45
Power generation sector......Page 53
Petrochemical sector......Page 56
Summary......Page 60
Trends in global supply......Page 61
OPEC supply......Page 62
Capacity growth centered in the Middle East......Page 65
OPEC’s African producers face myriad problems......Page 73
Production capacity in Venezuela and Ecuador on upward trend......Page 76
OPEC gas liquids supply......Page 77
Non-OPEC supply......Page 79
OECD Americas......Page 81
North Sea......Page 89
Latin America......Page 91
Former Soviet Union......Page 94
Non-OECD Asia......Page 97
Middle East......Page 99
Africa......Page 100
Biofuels supply......Page 107
The policy ground is shifting under the biofuels industry......Page 108
Advanced biofuels industry......Page 115
Overview and methodology......Page 117
Middle East......Page 119
Africa......Page 120
The Former Soviet Union......Page 121
OECD Americas......Page 122
Non-OECD Asia......Page 124
Implications for the tanker market......Page 125
Summary......Page 127
Refinery investment overview......Page 129
Refinery utilisation and throughputs......Page 130
Product supply balances......Page 132
Light distillates......Page 133
Middle distillates......Page 134
Fuel oil......Page 135
OECD Americas......Page 137
Europe......Page 139
OECD Asia Oceania......Page 141
China......Page 142
Non-OECD Other Asia......Page 144
Middle East......Page 146
FSU......Page 148
Latin America......Page 149
Africa......Page 151
5. TABLES......Page 153