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home / news releases / BNO - OPEC Update - April 26 2024

BNO - OPEC Update - April 26 2024

United States Brent Oil Fund LP ETV

2024-04-27 03:00:00 ET

Summary

  • OPEC expects robust growth in World Demand for Liquid fuel in 2024 and 2025.
  • The OPEC estimates for World Demand in 2023, 2024 and 2025 are significantly different from the EIA STEO estimates.
  • My estimates for future tight oil growth are about 100 kb/d lower in 2024 and 2025 than OPEC estimates.

A guest post by D Coyne

The OPEC Monthly Oil Market Report (MOMR) for April 2024 was published recently. The last month reported in most of the OPEC charts that follow is March 2024 and output reported for OPEC nations is crude oil output in thousands of barrels per day (kb/d). In the OPEC charts that follow, the blue line with markers is monthly output and the thin red line is the centered twelve-month average (CTMA) output....

For further details see:

OPEC Update - April 26, 2024
Stock Information
Company Name: United States Brent Oil Fund LP ETV
Stock Symbol: BNO
Market: NYSE
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