Global Oil

Global OilAdvisory Service helps you discover opportunities and mitigate risk in the international oil industry. Our experts combine their cutting-edge knowledge of market forces and political developments, backed by hard data from our market outlooks, to give you a current, accurate picture of the international oil landscape. We help members understand the dynamic interplay of geopolitical, environmental, economic, regulatory, technological and stakeholder issues that influence the supply, demand and price of oil.

As a subscriber, you will be able to:

• Receive the latest on fundamentals:
  • World Oil Watch
  • Market Briefings
  • World Refined Products Outlook
• Receive our strategic reports on the Big Questions:
  • Does the collapse in oil prices prefigure a price spike?
  • What new opportunities have E&P companies found in the wake of the global recession?
• Download key industrial statistics from our Data Center:
  • Continually updated 20-year extended outlooks and historical figures for price, supply, demand and production capacity, inventory and many more
• Call our research staff to interpret complex data and find answers to uncommon questions

Benefits:

Global Oil
Advisory Service enables you to:

• Understand global oil market fundamentals that underpin future industry scenarios
• Anticipate the fallout of crude oil price changes on upstream investment profitability and on trading and hedging decisions
• Analyze the impact the interactive crude oil and petroleum markets have on regional products prices and refinery margins
• Identify regional and geopolitical factors that affect upstream opportunities, reserves replacement and fiscal terms
• Position your corporate strategy for optimal reception by host governments and prospective partners
• Thoughtstorm methods that oil companies can use to cooperate with host governments to maximize production and profits
  

Subscribers to Global Oil Advisory Service receive:

Fundamentals reports

• World Oil Watch:
  • Quarterly 
  • Integrated view of global crude oil and refined products 
  • One to two year outlooks
• Market Briefings:
  • Eight per year
• World Refined Products Outlook:
  • Quarterly

Strategic reports:

• Private Reports and Decision Briefs based on research driven by IHS CERA Big Questions. Corporate leaders, investors, policymakers and energy users rely on our answers to these questions to guide decisions that shape the industry's strategic future.

Data center:

• Benchmark crude and product prices to 2035 (updated monthly)
  • WTI, Brent, Dubai, Maya, Urals, NYH, GC, NWE-CIF, Rott, Med, Sing
• US End-user Prices (updated monthly)
• US, OECD and Euroilstock Inventories (updated weekly and monthly)
• Supply and demand balance (updated monthly)
• Updates apply to all three IHS CERA scenarios (Asian Phoenix, Global Fissures, Break Point)

Global oil balance (updated biannually)

• Supply and demand fundamentals by country and region
• Country and region specific macro economic data

Event invitations:

• Exclusive client-IHS CERA expert gatherings
• Seats at IHS CERA spring and fall Executive Roundtables 
• CERAWeek, IHS CERA Executive Conference, held annually in Houston - for an additional fee

Subscriber receive Private Reports and Decision Briefs based on research driven by the Advisory Service's Big Questions including:

• Have the recession and oil market downturn created new opportunities for E&P companies?
• Does the oil price collapse prefigure a future oil price spike?
• How will climate change policies affect oil industry investment?
• What are the limits to oil demand growth?
• How will transportation fuels evolve?

Subscribers also receive access to our extensive research archives, available in English, Russian and Chinese, including such topics as:

• Will an Oil Price Bubble Burst in 2010?Demand to Rise, but High Spare Capacity to Limit Upward Pressure
  One year removed from the gloom of early 2009, IHS CERA analysis projects oil prices in the first half of 2010 to be flat to declining relative to the $84 peak of January 11, 2010.  For the global economy and for commodities in particular, 2009 was a remarkable year. From the low in January 2009 of $32 a barrel to December's high of $83, West Texas Intermediate (WTI) increased by a shade under 140 percent. That this price rise came in a year when the global economy contracted by 2 percent and oil demand fell by 1.5 million barrels per day (mbd) underlines the extraordinary market conditions of the past 12 months. 
• A Tightening Market for Supply of Heavy Crudes to the US Market: Implications for Refining
  Recently the incentive for US oil refiners to invest in conversion units has been derailed by the collapse in the differential between light and heavy crude prices. A critical factor driving the light-heavy crude price differential is the availability of heavy and medium crudes relative to the refining system's capacity to process them. IHS CERA analysis indicates that competition among US refiners for heavy and medium crudes has grown for several years. This trend was hidden as the light-heavy differential was widening for other reasons.
• OPEC: Steering a Steady Course
  At their first meeting in Angola on December 22, OPEC decided to continue into 2010 with current production allocations totaling 24.845 million barrels per day for 11 of its 12 members. These allocations were agreed a year ago in Oran, Algeria and reflected a decision to substantially reduce output in support of prices during a severe demand downturn.
• Hitting the Ethanol 'Blend Wall': Is the United States Ready for E85? 
  The US Renewable Fuels Standard (RFS) requires blending a target level of 2.35 million barrels per day (mbd) (36 billion gallons per year) of biofuels into fuel for the light-duty passenger vehicle fleet by 2022. If ethanol is the biofuel of choice, then 1.62 mbd of ethanol will need to be blended into 2 mbd of E85 by 2022—a significant increase from today's E85 volumes, with significant implications for the automotive and fuel retailing industries.
• Pausing for Breath Part 2: Understanding the Building Blocks of Capacity Through 2030
  This private report summarizes the key elements that will influence production capacity in the major producing countries in the medium term and complements the IHS CERA Private Report Pausing for Breath—Liquids Production Capacity to 2030, which provides a global view of the future of supply. In the earlier report we reduced our expectation of future global production capacity by 2014 by 6.5 million barrels per day (mbd) compared with our previous outlook from November 2008 because of the recent global economic meltdown and subsequent reduction in upstream investment. Given the long lead time of the upstream business and relative inelasticity of the supply curve, the impact of recent events will affect supply for many years to come. The question is, by how much?  

• Global oil demand and supply trends
• Geopolitics
• Oil and gas exploration and production
• Monetary policy
• World trade negotiations
• Energy economics
• Corporate strategy
• Energy policy
• International politics
• Political and regulatory influences 
• Oil price dynamics
• Energy trading