World oil outlook 2015 pdf tax

This was followed by tax credits, market reforms and partnerships that provided. The world oil outlook combines the expertise of the opec secretariat, professionals in opec member countries and the organizations economic commission board, as well as input from various other sources. Raw sugar world price, intercontinental exchange contract no. It was particularly affected by a slowdown in emerging markets. The increase in the overall requirement for opec crude between 2015 and. Global trends in rene wable energy investments 2015 4. Well the 2015 world oil outlook does not present any price charts or tables.

Imf world economic outlook weo, april 2015 table of contents. They have restructured portfolios with a focus on established. By accessing this site, you accept that we process certain information you send e. Technology is transforming the landscape in which businesses operate and the way they compete. The global demand for gasoline is expected to increase from. Dec 09, 2019 this statistic displays opecs global oil product demand outlook from 2017 to 2040. Published every year based on objective data and dispassionate analysis, the world energy outlook weo provides critical analysis and insights on trends in energy demand and supply, and what they mean for energy security, environmental protection and economic development the first weo was published in 1977 and it has been an annual publication since 1998. Oil price volatility continues to influence nigerias growth performance. Global prospects of unconventional oil in the turbulent market. Global economic outlook prospects for the world economy in 20152016.

In this issue, continuing the theme from our last edition, we look at the impact that the oecd base erosion and profit shifting beps project may have on the oil and gas sector, with an overview of the progress of the initiative. Sugar market situation food and agriculture organization. Lower for longer oil price outlook drives global change in. This privacy policy applies to personal information processed by opec. Global oil products demand outlook 20172040 statista. Global growth remains moderate, with uneven prospects across the main countries and regions. After having postponed a 2017 sales tax increase, japan may see slightly higher. Oil price, fuel taxes and subsidies, fiscal vulnerabilities. The latest increase in subsidized fuel prices is expected to yield significant fiscal savings in 2015 and beyond page 16 minimum wage increase for 2015. World energy outlook 2019 explores these widening fractures in detail. Vegetable oil includes the oil from crushing oilseeds around 53%, palm 36%, palm kernel, coconut and cottonseed. The green line, total petroleum revenues received each year, is the same as in the first graph, including the ministry of finances outdated projections from 2015 on. The banking sector has also now largely stabilized.

By 2024 more than 87% of the world oilseed production will be crushed. Between 2000 and 2014, nigerias gross domestic product gdp grew at an average rate of 7% per year. Nearterm crude oil price scenario is lower in aeo2016 adam sieminski, rieti october 4, 2016 14 brent crude oil spot price 2015 dollars per barrel source. The outlook for oil demand is uncertain but looks set to play a major role in global energy out to 2040. Executive summary low oil revenues and the lack of major tax policy reforms to significantly increase nonoil revenues led. Plug in tax march 2015 building a better working world ey. But they do tell us what prices need to do in order for their reference case predictions to be fulfilled, all on page 8. Companies have largely adapted to a lowcost environment, which promises to be even more beneficial given the currently recovering oil price. Welcome to the kpmg knowledge base of research that demonstrates our understanding of complex business challenges faced by companies around the world. Asiaworld energy outlook 2015 5 the oil supplydemand balance is loose due to growing unconventional oil production in the united states, opecs strategy of giving priority to market shares and emerging economies slow down. World oil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore and.

Browse articles, set up your interests, or learn more. Aug 25, 2016 the report, which summarizes the oil and gas corporate tax regimes in 86 countriesup from 84 in 2015 with the addition of cuba and iranhighlights national tax structure changes over the last. Growth in developing countries and some highincome countries is set to disappoint again this year. Energy outlook downloads and archive energy economics home. This statistic displays opecs global oil product demand outlook from 2017 to 2040. According to iea world energy outlook 2017 global technically recoverable reserves of. Refined sugar price, euronext liffe, futures contract no. The consolidated budget of regional governments even registered a surplus in the first eight months of 2016. That is according to the shortterm energy outlook by the u. Oil and gas outlook energy information administration. Kpmgs articles on the general data protection regulation. Although the precise outlook is uncertain, the world looks set to consume significant amounts of oil crude plus ngls for several decades, requiring substantial investment.

Following the oil price collapse in 20142016, combined with negative production shocks, the gross domestic product gdp growth rate dropped to 2. World vegetable oil production will remain concentrated among a few countries in the coming decade. The world energy outlook series is a leading source of strategic insight on the future. Opec is committed to safeguarding the privacy of its website users.

Eia, annual energy outlook 2016 reference case and annual energy outlook 2015 reference case 0. What are the causes of the sharp drop and what is the outlook for oil prices. Welcome to the june 2016 edition of our global oil and gas tax newsletter. Opecs world oil outlook woo is part of the organizations commitment to market stability. Relative to last year, the outlook for advanced economies is improving, while growth in emerging market and. Opecs world oil outlook woo is part of the organizations commitment to market. Solar energy to be cheapest power source in 1 0 years, international business times, february 24, 2015 7. Analyzing the revenues in more detail gives additional insights, as shown in the following graph. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry.

Global implications of lower oil prices international monetary fund. Compounded by inadequate policy responses, these challenges caused the overall real gdp to contract by 1. Indonesia economic quarterly reports ieq world bank. The energy outlook is produced to aid bps analysis and decision making, and is. Your information provider independent, unbiased, authoritative since 1958 mar 27, 2020. Demand 8 10 production consumption 6 2 4 0 0910 1112 14 1516 1718 1920f2. Update 4goldman slashes 2015 oil price forecast as glut. Looking beyond oil nigeria is the largest economy in africa and 22nd globally. The organization of the petroleum exporting countries opec has released the 2015 opec world oil outlook woo opecs woo is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry it is also a channel to encourage dialogue, cooperation and transparency between opec and other stakeholders within the. The low oil price has also had negative consequences for oil exporting countries.

Base oil demand forecast worldwide 20152030 statista. Growth in taxes and incentives for renewable energy start 2004 20 2014. World oil outlook, opec secretariat background paper. World production of gas continued the increase that began in 2010 and sped up in the last two years by more than 3% in 20172018 compared to 1. The report, which summarizes the oil and gas corporate tax regimes in 86 countriesup from 84 in 2015 with the addition of cuba and iranhighlights national tax structure changes over the last. Executive summary low oil revenues and the lack of major tax policy reforms to significantly increase non oil revenues led. Despite a sharp price drop in 20142015, most of the key oil producers. Inequality and informality, and oldage poverty remain among the highest in latinamerica. Save what resonates, curate a library of information, and share content with your network of contacts. The global demand for gasoline is expected to increase from 25.

This statistic depicts the projected base oil demand worldwide in 2015, 2020, and 2030. The projected base oil demand worldwide in 2030 is estimated to. In early 2015, imf management established an interdepartmental working group to develop an. Energy information administration shortterm energy outlook may 2020 2. By then, the cheap oil sources will have been exhausted, making it more expensive to extract oil. Real sugar prices are nominal world prices deflated by the us gdp deflator 20101.