The OPEC Monthly Report, or MOMR (OPEC's monthly oil market review), is OPEC's research report on oil. OPEC means the Organization of the Petroleum Exporting Countries, and the report covers world markets with United States detail on demand, supply, trade and stocks. Demand means oil use, supply means liquids output, and stocks mean stored oil compiled from agencies such as EIA (the United States Energy Information Administration). It does not set quotas (production targets); policy comes from ministerial meetings.
It appears monthly in the second week, covering production and demand for the prior calendar month with prices through month end. United States monthly demand uses available EIA detail, OPEC notifies media of release time per issue, and each issue names the next date. Each issue holds a feature article plus price, economy, demand, supply, refining, tanker, trade, stocks and balance sections with appendix tables. All dated data are preliminary and revised next month, forecasts pause under high uncertainty, and readers track demand, supply, output and stocks against averages.
Moves come from the balance parts, estimated OPEC output, and United States detail.
Revisions carry the signal. Demand growth forecasts move with new data, the residual call moves with demand and other supply, and the price level moves with tightness. A soft United States monthly print can sit inside an intact annual view, while stocks against averages and forward cover show tightness or surplus.
Key point: The demand-for-OPEC-crude number is not a quota or output; output is measured separately and the gap is the Balance.
No historical data available
