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Purvin & Gertz Releases Global Petroleum Market Outlook5 May 2008
Purvin & Gertz announces the release of the Global Petroleum Market Outlook 2008. The study provides an in-depth analysis of global and regional markets for crude oil and refined products within a framework of world energy demand and economic activity through 2025. Supply forecasts are based on expected production levels of crude oil, natural gas, alternative fuels, and refining facilities in each country. The study considers the operating/commercial constraints of existing facilities, as well as capacity and start-up dates for new refining projects, in forecasting overall supply. Demand for refined products is analyzed and forecast in the context of emerging trends in biofuels, alternative fuels, vehicle preferences, and government mandates. The prospects for future world market developments are examined and the likely impact on crude oil trade, refined product trade, and pricing are assessed.
Key conclusions of this year’s analysis include:
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