Download your copy of the OPIS Oil Market Outlook 2023

Authored by OPIS’s longtime oil market analysts Tom Kloza and Denton Cinquegrana, this outlook includes exclusive in-depth commentary, analysis, charts and graphs showing key pricing and broader market trends in the spot, rack and retail fuel landscapes.

This 12-page report offers insightful predictions on what 2023 has in store for downstream energy markets. Here are just a few key takeaways:

  • Russia’s decision to invade Ukraine served notice that hydrocarbon molecules from what was once the world’s largest exporter could not be taken for granted.
  • When China reopens it is believed there will be a call for an additional 500,000 b/d to 1 million b/d of oil.
  • An argument can be made that gasoline demand is in decline due to increased vehicle efficiency and the sea change in work commuting.
  • Heavy moves both up and down in futures markets during 2022 were tied to a lack of market participation.
  • In 2022, U.S. companies distributed crude and refined products around the world on a scale never before observed.
  • Pretty much every refined product from asphalt at the bottom of the barrel to premium gasoline at the top of the distribution tower hit numbers never before approached in a wild 2022 spring and summer rally.
  • Most analysts believe that refining margins will be winnowed from 2022 levels but assessing what might be a “mid-cycle return” is subject to great debate, particularly for the middle of the barrel.
  • Diesel may occasionally be the most compromised portion of the refined barrel in 2023 and indeed there are already worries about Atlantic Basin supplies for the 2023-2024 winter.
  • Plus many more pivotal points for the 2023 energy landscape.

Get your copy today!


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