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World Petroleum Congress




         Demand Developments


                     Oil Industry  Markets Division


        ...
Are “Speculators” to Blame?


                 Price
                             Stock        S1
                        ...
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
IEA Medium-Term Oil Demand
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IEA Medium-Term Oil Demand

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Transcript of "IEA Medium-Term Oil Demand"

  1. 1. World Petroleum Congress Demand Developments Oil Industry Markets Division Madrid, July 1, 2008 © OECD/IEA - 2007 2008
  2. 2. Are “Speculators” to Blame? Price Stock S1 build Investors enter the market: • Price increases from P1 to P2 MEDIUM B A • A stock build (A – B) is necessary TERM P2 to balance the market in D1 Oil P1 Market Report D1 Q1 Quantity © OECD/IEA 2008
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