1 KAPSARC Oil Market Outlook (KOMO) - Q4, 2022

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1 KAPSARC Oil Market Outlook (KOMO) - Q4, 2022

8 Dec 2022

In the KOMO Q3 2022 report we stated “OPEC needs to weigh the value of using its spare capacity to balance the market against the value of preserving spare capacity to reassure the market. [...] Accordingly, the latest OECD Outlook report on China Russia-Ukrainia conflict, inflation (particularly in food and energy prices), the risk stated that its “GDP growth slowed to 1.3% quarter-on-quarter in the first quarter of a recession, the lack of investment in energy supply, China’s lockdowns and of 2022 from 1.5% in the fourth quarter of 2021. [...] Although Saudi Arabia had different reasons for introducing these measures, the idea behind them was similarly The economic slowdown in China originated with the fall of the Evergrande Group to take decisive action early so that the benefits would continue to develop over the in the summer of 2021 when the company faced a liquidity crisis that continued to long term. [...] This is the day the EU embargo on version of the risk table in the next edition could well Russian crude and a possible price cap will be be a complete departure from the last survey and The recent optimism of the Canadian oil sands implemented, and just after the next OPEC+ meeting. [...] real inventories (L) and Brent prices (R), MMb by the oil industry to meet contractual obligations, provide a cushion for the complex supply chain that tends to deliver the product in batches, and buffer unanticipated 4,900 changes in the supply of and demand for crude oil.
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51
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Saudi Arabia

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