# Oil Market Report - May 2022

> The IEA May Oil Market Report forecasts world oil demand growth slowing to 1.9 mb/d in the second quarter and expects Russian supply to fall about 710 kb/d in April. Global refinery margins have surged on depleted product inventories.

- Date: 2022-06-01 · published 2022-06-01T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41560-oil-market-report-may-2022
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Tight product inventories and high refinery margins keep diesel and energy costs elevated, raising feed logistics and processing expenses.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-03-14 | [Oil Market Report - March 2022 - IEA](https://feedsoft.ai/events/5992-oil-market-report-march-2022-iea.md) | -3.7% | -11.6% |
| BRENT | 2021-03-17 | [Oil Market Report - March 2021 - IEA](https://feedsoft.ai/events/6203-oil-market-report-march-2021-iea.md) | -11.4% | -2.7% |
| BRENT | 2023-03-01 | [Oil Market Report - February 2023](https://feedsoft.ai/events/37512-oil-market-report-february-2023.md) | -0.5% | -6.2% |
| BRENT | 2024-01-23 | [Oil Market Report - December 2024 – Analysis - IEA](https://feedsoft.ai/events/32023-oil-market-report-december-2024-analysis-iea.md) | +2.9% | +4.5% |
| BRENT | 2021-08-31 | [OPEC+ sees tighter oil market until May 2022 \| Reuters](https://feedsoft.ai/events/45471-opec-sees-tighter-oil-market-until-may-2022-reuters.md) | -0.4% | +8.7% |
| DIESEL | 2022-03-14 | [Oil Market Report - March 2022 - IEA](https://feedsoft.ai/events/5992-oil-market-report-march-2022-iea.md) | +4.9% | -1.0% |
| DIESEL | 2021-07-01 | [Grain Transportation Report, July 15, 2021](https://feedsoft.ai/events/45953-grain-transportation-report-july-15-2021.md) | -0.1% | +2.9% |
| DIESEL | 2020-05-28 | [EIA Gasoline and Diesel Retail Prices Update, May 27, 2020 - Fuels Market News](https://feedsoft.ai/events/53320-eia-gasoline-and-diesel-retail-prices-update-may-27-2020-fuels-market-news.md) | +9.7% | +21.9% |

## Sources

- iea.org: https://www.iea.org/reports/oil-market-report-may-2022

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.