Report Update: Jul 1, 2024

World - Crude Oil and Processed Petroleum - Market Analysis, Forecast, Size, Trends And Insights

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Oil Production Weekly

Oil production is a critical component of the global economy, playing a vital role in driving industrial development, powering transportation systems, and meeting the energy needs of households and businesses. Weekly oil production data provides insights into the current state of oil supply, its impact on prices, and how it aligns with demand.

Each week, various entities and organizations, including government agencies, oil companies, and industry associations, release reports and data on oil production. These reports cover different regions, countries, and sometimes specific oil fields or projects.

Key Players in Oil Production Reporting

1. International Energy Agency (IEA): The IEA is an intergovernmental organization that provides analysis and data on energy markets. It releases the Oil Market Report every month, which includes information on global oil production, demand, and prices. While not weekly, it offers valuable insights into the oil market.

2. Energy Information Administration (EIA): The EIA, part of the U.S. Department of Energy, releases the Weekly Petroleum Status Report (WPSR) every Wednesday. It provides comprehensive information on U.S. oil production, including crude oil, gasoline, and distillate fuel inventories, refinery operations, and imports/exports.

3. OPEC: The Organization of the Petroleum Exporting Countries (OPEC) releases a Monthly Oil Market Report with data on oil production and price forecasts. While not weekly, it helps to understand the overall trends in oil production by OPEC member countries.

Why Weekly Oil Production Data Matters

1. Supply and Demand Balance: Monitoring weekly oil production levels helps in assessing the balance between oil supply and demand. When production exceeds demand, it can lead to a build-up of oil inventories and downward pressure on prices. Conversely, when production falls short of demand, it can result in inventory drawdowns and upward pressure on prices.

2. Price Volatility and Market Speculation: Oil prices are sensitive to changes in production levels. Weekly production data allows market participants to identify supply disruptions, shifts in production patterns, or changes in oil production policies that may impact prices. This information helps reduce market speculation and allows for more informed decision-making.

3. Geopolitical Developments: Weekly oil production data also provides insights into geopolitical dynamics. Changes in production levels due to political events, conflicts, or sanctions can have significant implications for global oil markets and supply stability.

4. Investment Decisions: Companies and investors in the oil and gas sector need timely and accurate production data to make informed investment decisions. Weekly oil production data helps identify investment opportunities, assess project viability, and estimate future revenue streams.

Limitations of Weekly Oil Production Data

1. Reporting Delays: Weekly oil production data is subject to reporting delays and revisions. It may take time for data to be collected, validated, and published by different entities. These delays can impact the accuracy and timeliness of the information available to market participants.

2. Incomplete Coverage: Weekly oil production data often focuses on specific regions or countries, leaving gaps in the overall picture. To get a comprehensive understanding of global oil supply, data from multiple sources and regions must be analyzed.

3. Lack of Granularity: Weekly oil production reports may not provide detailed information on individual oil fields or projects. This limited granularity can make it challenging to assess the impact of specific developments or disruptions on oil supply.

In Conclusion

Weekly oil production data plays a crucial role in understanding the current state of the oil market, assessing supply-demand dynamics, and predicting future price trends. It helps market participants make informed decisions, reduces market speculation, and provides insights into geopolitical and industry developments.

However, it is important to consider the limitations of weekly data, such as reporting delays, incomplete coverage, and lack of granularity. To gain a comprehensive view of global oil production, it is necessary to analyze data from various sources and consider long-term trends.

This report provides an in-depth analysis of the global market for crude oil and processed petroleum. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023