Long abstract

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The International Energy Agency's (IEA) Medium-Term Oil Market Report tackles these questions, adopting a perspective that goes beyond the traditional short-term market analysis provided in the IEA's monthly Oil Market Report.

Drawing on current futures curves and the investment threshold for upstream projects, the Medium-Term Oil Market Report analyses how global demand and supply balances may develop in the next five years. The forecasts look in detail at product demand and the supply potential from all the firmly planned individual upstream and downstream projects around the world. The results provide invaluable insights on vital issues such as surplus production capacity and product supply.

The rapid pace of change in the oil market means that forecasts can become outdated very quickly. This interim update provides the opportunity to rebase the data and forecasts in the annual Medium-Term Oil Market Report and to discuss and analyse new issues affecting the oil industry.

Policymakers, market analysts, energy experts and anyone interested in understanding and following trends in the oil market should find this report extremely useful. 
 
To purchase the Medium-Term Oil Market Report and the February 2007 update, please send your request to: Sandra.coleman@iea.org