--- title: Oil Market Outlook 2023 | OPIS, A Dow Jones Company description: Discover what oil market trends to watch closely in 2023. Download this free report with exclusive in-depth commentary and analysis on the current oil markets and where they are headed. --- ![OPIS_ADJC_Stacked_White](https://info.opis.com/hs-fs/hubfs/Logos/OPIS%20-%20Dow%20Jones/OPIS_ADJC_Stacked_White.png?width=153&name=OPIS_ADJC_Stacked_White.png)   # Oil Market Outlook An exclusive look at downstream petroleum trends for 2023 ### 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!   Share the Oil Market Outlook 2023 with a colleague or friend: [![Share on facebook](https://7528309.fs1.hubspotusercontent-na1.net/hub/7528309/hubfs/raw_assets/public/mV0_d-web-default-modules_hubspot/img/facebook-color.png?width=24&name=facebook-color.png)](https://www.facebook.com/share.php?u=https%3A%2F%2Finfo.opis.com%2Foil-market-outlook-2023%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on linkedin](https://7528302.fs1.hubspotusercontent-na1.net/hub/7528302/hubfs/raw_assets/public/mV0_d-web-default-modules_hubspot/img/linkedin-color.png?width=24&name=linkedin-color.png)](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Finfo.opis.com%2Foil-market-outlook-2023%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on twitter](https://7528304.fs1.hubspotusercontent-na1.net/hub/7528304/hubfs/raw_assets/public/mV0_d-web-default-modules_hubspot/img/twitter-color.png?width=24&name=twitter-color.png)](https://twitter.com/intent/tweet?original_referer=https://info.opis.com/oil-market-outlook-2023?utm_medium=social&utm_source=twitter&url=https://info.opis.com/oil-market-outlook-2023?utm_medium=social&utm_source=twitter&source=tweetbutton&text=I%20just%20downloaded%20the%202019%20#Oil%20Market%20Outlook%20from%20@OPIS.%20Get%20your%20copy%20here%20FREE) [![Share on email](https://7528311.fs1.hubspotusercontent-na1.net/hub/7528311/hubfs/raw_assets/public/mV0_d-web-default-modules_hubspot/img/email-color.png?width=24&name=email-color.png)](mailto:?subject=Check+out+https%3A%2F%2Finfo.opis.com%2Foil-market-outlook-2023%3Futm_medium%3Dsocial%26utm_source%3Demail&body=Check+out+https%3A%2F%2Finfo.opis.com%2Foil-market-outlook-2023%3Futm_medium%3Dsocial%26utm_source%3Demail) ### free download OPIS, A Dow Jones Company © 2026 Oil Price Information Service, LLC. All rights reserved. [Contact Us](https://www.opis.com/contact/contact-us/) | [Privacy Notice](https://www.dowjones.com/privacy-notice/?mod=opis) | [Cookie Notice |](https://www.dowjones.com/cookie-notice/?mod=opis) [Copyright Policy](https://www.opis.com/copyright-policy/) | [Terms of Use](https://www.opis.com/terms-of-use/)  [Do Not Sell My Personal Information](https://www.dowjones.com/notice-ca-residents/?mod=opis) | [Modern Slavery Act Statement](https://www.dowjones.com/modern-slavery-statement/) ![](https://dc.ads.linkedin.com/collect/?pid=70186&fmt=gif)